Enact Declares Quarterly Dividend of $26 Million and Special Dividend of $113 Million
01 November 2023 - 9:10PM
Enact Holdings, Inc. (Nasdaq: ACT) (Enact)
today announced that its Board of Directors declared a quarterly
cash dividend of $26 million, or $0.16 per common share, and a
special cash dividend of $113 million, or $0.71 per common share.
The quarterly dividend and special cash dividend are both payable
on December 5, 2023 to shareholders of record as of close of
business on November 16, 2023. Future dividends will be subject to
Board approval.
“Our operating performance, strong capital position, and
continued confidence in the business position us to declare a
special cash dividend today in addition to our quarterly dividend.
We are on track to meet our guidance to return $300 million of
capital to shareholders in 2023 and remain committed to our
balanced approach to capital allocation as we maintain a strong
balance sheet, invest in our business, and generate value for our
shareholders,” said Rohit Gupta, President and CEO of Enact.
About Enact Holdings,
Inc.Enact (Nasdaq: ACT), operating
principally through its wholly-owned subsidiary Enact Mortgage
Insurance Corporation since 1981, is a leading U.S. private
mortgage insurance provider committed to helping more people
achieve the dream of homeownership. Building on a deep
understanding of lenders' businesses and a legacy of financial
strength, we partner with lenders to bring best-in class service,
leading underwriting expertise, and extensive risk and capital
management to the mortgage process, helping to put more people in
homes and keep them there. By empowering customers and their
borrowers, Enact seeks to positively impact the lives of those in
the communities in which it serves in a sustainable way. Enact is
headquartered in Raleigh, North Carolina.
Investor Contact
Daniel Kohl
EnactIR@enactmi.com
Media Contact
Brittany Harris-Flowers
Brittany.Harris-Flowers@enactmi.com
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