Fidelis Insurance initiates 10c per share quarterly dividend

Fidelis Insurance announced that its Board of Directors has approved the initiation of a dividend program under which the Company intends to pay a quarterly cash dividend. The initial dividend will be $0.10 per share, payable on March 29, 2024 to common shareholders of record on March 15, 2024. Dan Burrows, Fidelis Insurance Group CEO stated, “The Board’s decision to initiate a quarterly dividend program reflects our balance sheet strength following a transformative year in which we achieved meaningful strategic milestones. While our top priority remains investing in profitable growth opportunities that we continue to see in the favorable market environment, we are committed to sharing our success with shareholders through both dividends and our previously announced $50 million share repurchase program. Looking ahead, we are confident in our capacity to lean further into profitable growth opportunities as well as our ability to optimize shareholder value creation.”