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Argo Group declares stock dividend

Argo Group International Holdings Ltd.'s board has declared a 15% stock dividend.

The stock dividend is payable March 21 to shareholders of record as of the close of business March 7.

The company is also paying out a quarterly cash dividend of 27 cents per share.

As a result of the board's action, the number of outstanding shares of the company's common stock will increase by approximately 4.4 million.