Alterra Capital Announces $0.16 Dividend And $100 Million Share Repurchase Plan Increase
Alterra Capital Holdings Limited (NASDAQ: ALTE; BSX: ALTE.BH) (“Alterra”) announced today that Alterra’s Board of Directors declared a dividend of $0.16 per share. The dividend is payable on December 4, 2012, to shareholders of record as of November 20, 2012.
In addition, on November 6, 2012, Alterra’s Board of Directors authorized an increase in the share repurchase plan of $100.0 million. Following this authorization, the amount available for share repurchases as of November 6, 2012 is $301.7 million.
Alterra Capital Holdings Limited is a global enterprise dedicated to providing diversified specialty insurance and reinsurance products to corporations, public entities and property and casualty insurers.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts