Alterra Capital Announces $0.16 Dividend And Increase In Share Repurchase Plan Of $100 Million

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, an increase of $0.02, or 14.3%, from the previous dividend. This is the eleventh consecutive year of increasing quarterly dividend payments. The dividend is payable on September 4, 2012, to shareholders of record as of August 21, 2012.

In addition, on August 7, 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 August 7, 2012 is $204.6 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.

Copyright Business Wire 2010

If you liked this article you might like

Alterra Reaches New 52-Week High (ALTE)

Alterra Reaches New 52-Week High (ALTE)

Jim Cramer: Real-World Deals

Jim Cramer: Real-World Deals

Cramer's 'Mad Money' Recap: Forget About Washington

Cramer's 'Mad Money' Recap: Forget About Washington

Alterra Stock To Go Ex-dividend Tomorrow (ALTE)

Alterra Stock To Go Ex-dividend Tomorrow (ALTE)

Alterra Stock To Go Ex-dividend Tomorrow (ALTE)

Alterra Stock To Go Ex-dividend Tomorrow (ALTE)