Fidelis Insurance Holdings Limited announced a significant expansion of its capital management initiatives. The company's Board of Directors approved a renewal to the current common share repurchase authorization, increasing it to $200 million.
Additionally, the Board approved an increase to the quarterly dividend, raising it by 50% from $0.10 to $0.15 per common share. This enhanced dividend policy reflects management's confidence in the company's strong balance sheet and future earnings potential.
These initiatives build on the $132.8 million in capital already returned to shareholders. The expanded buyback program and increased dividend underscore Fidelis's commitment to delivering value to its shareholders through disciplined capital allocation.
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