Employers Holdings Inc.'s board has increased the company's quarterly dividend and authorized a new share buyback program.

The board has elected to increase the company's first-quarter 2018 dividend to 20 cents per share, up from the prior payment of 15 cents per share. The newly raised dividend is payable March 21 to shareholders of record as of March 7.

The board also introduced a new $50.0 million share repurchase program, set to expire Feb. 26, 2020. The new program replaces the existing one, which has a remaining authorization of $28.9 million.