Willis Towers Watson Plc's board has declared a regular quarterly cash dividend of 60 cents per ordinary share for the fourth quarter of 2017, representing a 13% increase from the previous quarter's payout.

The dividend is payable on or about April 16 to shareholders of record at the close of business as of March 31.

Additionally, the board has authorized an increase of up to $400 million to the company's share repurchase program. About $600 million remained under the previous board authorization at Dec. 31, 2017. The authorization is expected to be executed in 2018 and 2019.