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Heritage Insurance board raises dividend, expands buyback program

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Heritage Insurance board raises dividend, expands buyback program

Heritage InsuranceHoldings Inc.'s board raised the company's quarterly common dividendand expanded its share buyback program.

The dividend was raised to 6 cents per share from 5 cents pershare, payable July 1 to stockholders of record June 15.

The board expanded the company's repurchase program by $50 million,bringing the remaining authorization to about $60 million. The repurchase periodlasts through Dec. 31, 2017.