other material
confidence high
sentiment positive
materiality 0.75
Assurant board authorizes $600M share repurchase and raises quarterly dividend 3%
ASSURANT, INC.
- Board authorized $600M additional share repurchase program, supplementing ~$174M remaining.
- Quarterly dividend increased by $0.02 to $0.72 per share (3% increase).
- Dividend payable Dec 18, 2023 to holders of record Nov 27, 2023.
- Combined repurchase capacity totals ~$774M, including prior authorization.
- 19th consecutive annual dividend increase; CEO cites strong cash flows.