Enact Holdings increases quarterly dividend, announces share repurchase program

Enact Holdings (ACT) announced that its board of directors declared a quarterly dividend of 21c per common share, an increase of 14% from the prior quarter’s dividend. This dividend will be payable on June 11 to shareholders of record on May 19. Additionally, Enact’s board of directors authorized a new share repurchase program under which the company may purchase up to $350M of its common stock. The new share repurchase authorization is in addition to the company’s current $250M share repurchase program, of which $6M remains as of April 25.