trending Market Intelligence /marketintelligence/en/news-insights/trending/75Tv5r35rpiLSJz2S7NUog2 content esgSubNav
In This List

Argo Group's board approves $150M buyback plan, declares dividends

Blog

Insight Weekly: Earnings learnings; Duke Energy hits back; PE activity surges

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration

Blog

Taking Loss Given Default Estimation to the Next Level: An Aspiration for All Creditors, Not Just Banks


Argo Group's board approves $150M buyback plan, declares dividends

Argo GroupInternational Holdings Ltd.'s board has authorized a sharerepurchase program and declared stock and quarterly cash dividends.

The new stock buyback plan authorizes the company torepurchase up to $150 million of its common stock. The program, which replacesthe previous $150 million buyback plan, does not have a set expiration.

Argo Group's board also announced a 10% stock dividend and aquarterly cash dividend of 22 cents per common share. The stock dividend ispayable June 15 to shareholders of record as of the close of business June 1.Shareholders will receive cash in lieu of fractional shares.

The quarterly cash dividend will be paid June 17, on apost-stock dividend basis, to shareholders of record as of the close ofbusiness June 1.

As a result of these actions, Argo Group's outstandingcommon shares will increase to 30.5 million shares from 27.7 million shares.