Axis Capital (AXS) Approves $1B Buyback of Common Shares
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AXIS Capital Announces New $1 Billion Share Repurchase Authorization
December 9, 2016 8:30 AM ESTCompany Increases Quarterly Dividend by 8% and Declares Dividends on Preferred Shares
PEMBROKE, Bermuda--(BUSINESS WIRE)-- AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) today announced that the Companys Board of Directors has authorized the repurchase of up to $1.0 billion of the Companys common shares. The Board has authorized the Company to effect repurchases under this new plan in open market or privately negotiated transactions through December 31, 2017, depending on market conditions. This new repurchase authorization, effective January 1, 2017, will replace the existing authorization, which currently has approximately $264.9 million in remaining authorization available... More
