- Authorized the Company to repurchase up to $150 million of the Company's common stock. The program allows the Company to repurchase its shares opportunistically from time to time when it believes that doing so would enhance long-term shareholder value. The repurchase authorization does not have a fixed expiration.
- Declared a 10% stock dividend. The stock dividend is payable on June 15, 2016, to shareholders of record at the close of business on June 1, 2016. Shareholders will receive cash in lieu of fractional shares.
- Declared a quarterly cash dividend of $0.22 per share on the company's common stock. The cash dividend will be paid on June 17, 2016, on a post-stock dividend basis, to shareholders of record at the close of business on June 1, 2016.
Argo Group International Holdings, Ltd. (NASDAQ: AGII), an international underwriter of specialty insurance and reinsurance products, announced today its board of directors has taken the following actions: