Enact Holdings declares special dividend of $113M

Enact Holdings announced that its Board of Directors declared a quarterly cash dividend of $26 M, or 16 c per common share, and a special cash dividend of $113 M, or 71c per common share. The quarterly dividend and special cash dividend are both payable on December 5, to shareholders of record as of close of business on November 16 . Future dividends will be subject to Board approval ..”Our operating performance, strong capital position, and continued confidence in the business position us to declare a special cash dividend today in addition to our quarterly dividend. We are on track to meet our guidance to return $300 million of capital to shareholders in 2023 and remain committed to our balanced approach to capital allocation as we maintain a strong balance sheet, invest in our business, and generate value for our shareholders,” said Rohit Gupta, President and CEO of Enact.