Enact Announces 14% Increase to Quarterly Dividend and New $350 Million Share Repurchase Program
Enact Holdings has announced two significant shareholder-friendly moves: a 14% increase in quarterly dividend to $0.21 per common share and a new $350 million share repurchase program. The enhanced dividend will be paid on June 11, 2025, to shareholders of record as of May 19, 2025.
The new buyback program complements the existing $250 million program, which has $6 million remaining as of April 25, 2025. CEO Rohit Gupta emphasized that these initiatives demonstrate the company's commitment to shareholder value creation. The company has consistently raised its quarterly dividend annually since its inception three years ago.
Enact has arranged with Genworth Holdings to maintain its current ownership stake through the repurchase program. The buyback will be executed through various methods, including open market purchases and private transactions, with timing based on market conditions, regulatory requirements, and other factors.
Enact Holdings ha annunciato due importanti iniziative a favore degli azionisti: un aumento del 14% del dividendo trimestrale, che sarà portato a 0,21 dollari per azione ordinaria, e un nuovo programma di riacquisto azionario da 350 milioni di dollari. Il dividendo maggiorato sarà pagato l'11 giugno 2025 agli azionisti iscritti al libro soci al 19 maggio 2025.
Il nuovo programma di riacquisto si affianca a quello esistente da 250 milioni di dollari, che al 25 aprile 2025 ha ancora 6 milioni di dollari disponibili. Il CEO Rohit Gupta ha sottolineato che queste iniziative dimostrano l’impegno della società nella creazione di valore per gli azionisti. La società ha aumentato costantemente il dividendo trimestrale ogni anno sin dalla sua fondazione tre anni fa.
Enact ha concordato con Genworth Holdings di mantenere la sua attuale partecipazione azionaria tramite il programma di riacquisto. Il buyback sarà effettuato con diverse modalità, tra cui acquisti sul mercato aperto e transazioni private, con tempistiche determinate dalle condizioni di mercato, requisiti normativi e altri fattori.
Enact Holdings ha anunciado dos importantes medidas favorables para los accionistas: un aumento del 14% en el dividendo trimestral hasta $0.21 por acción común y un nuevo programa de recompra de acciones por $350 millones. El dividendo incrementado se pagará el 11 de junio de 2025 a los accionistas registrados hasta el 19 de mayo de 2025.
El nuevo programa de recompra complementa al programa existente de $250 millones, que cuenta con $6 millones disponibles a fecha 25 de abril de 2025. El CEO Rohit Gupta destacó que estas iniciativas reflejan el compromiso de la empresa con la creación de valor para los accionistas. La compañía ha incrementado su dividendo trimestral de forma anual desde su fundación hace tres años.
Enact ha acordado con Genworth Holdings mantener su participación accionaria actual a través del programa de recompra. La recompra se ejecutará mediante diferentes métodos, incluyendo compras en el mercado abierto y transacciones privadas, con el momento determinado por las condiciones del mercado, requisitos regulatorios y otros factores.
Enact Holdings는 주주 친화적인 두 가지 중요한 조치를 발표했습니다: 분기 배당금을 14% 인상하여 보통주당 0.21달러로 조정하고, 3억 5천만 달러 규모의 새로운 자사주 매입 프로그램을 도입했습니다. 인상된 배당금은 2025년 6월 11일에 2025년 5월 19일 기준 주주에게 지급됩니다.
새로운 자사주 매입 프로그램은 기존 2억 5천만 달러 프로그램을 보완하며, 2025년 4월 25일 기준으로 600만 달러가 남아 있습니다. CEO 로힛 굽타는 이러한 조치들이 회사의 주주 가치 창출 의지를 보여준다고 강조했습니다. 회사는 설립된 지 3년 만에 매년 분기 배당금을 꾸준히 인상해왔습니다.
Enact는 Genworth Holdings와 협의하여 이번 자사주 매입 프로그램을 통해 현재 지분을 유지할 예정입니다. 자사주 매입은 공개 시장 매수와 비공개 거래 등 다양한 방법으로 진행되며, 시기는 시장 상황, 규제 요건 및 기타 요인에 따라 결정됩니다.
Enact Holdings a annoncé deux mesures importantes favorables aux actionnaires : une augmentation de 14 % du dividende trimestriel à 0,21 $ par action ordinaire et un nouveau programme de rachat d’actions de 350 millions de dollars. Le dividende majoré sera versé le 11 juin 2025 aux actionnaires inscrits au registre au 19 mai 2025.
Ce nouveau programme de rachat vient s’ajouter au programme existant de 250 millions de dollars, dont il reste 6 millions disponibles au 25 avril 2025. Le PDG Rohit Gupta a souligné que ces initiatives témoignent de l’engagement de la société à créer de la valeur pour les actionnaires. La société augmente régulièrement son dividende trimestriel chaque année depuis sa création il y a trois ans.
Enact a convenu avec Genworth Holdings de maintenir sa participation actuelle via ce programme de rachat. Le rachat se fera par différentes méthodes, y compris des achats sur le marché ouvert et des transactions privées, avec un calendrier basé sur les conditions du marché, les exigences réglementaires et d’autres facteurs.
Enact Holdings hat zwei bedeutende aktionärsfreundliche Maßnahmen angekündigt: eine 14%ige Erhöhung der Quartalsdividende auf 0,21 US-Dollar je Stammaktie und ein neues Aktienrückkaufprogramm in Höhe von 350 Millionen US-Dollar. Die erhöhte Dividende wird am 11. Juni 2025 an die am 19. Mai 2025 eingetragenen Aktionäre ausgezahlt.
Das neue Rückkaufprogramm ergänzt das bestehende Programm über 250 Millionen US-Dollar, von dem zum 25. April 2025 noch 6 Millionen US-Dollar verfügbar sind. CEO Rohit Gupta betonte, dass diese Maßnahmen das Engagement des Unternehmens zur Wertschaffung für die Aktionäre unterstreichen. Das Unternehmen hat seine Quartalsdividende seit seiner Gründung vor drei Jahren jährlich kontinuierlich erhöht.
Enact hat mit Genworth Holdings vereinbart, seine derzeitige Beteiligung im Rahmen des Rückkaufprogramms beizubehalten. Der Rückkauf wird über verschiedene Methoden erfolgen, darunter Käufe am offenen Markt und private Transaktionen, wobei das Timing von Marktbedingungen, regulatorischen Anforderungen und weiteren Faktoren abhängt.
- 14% increase in quarterly dividend to $0.21 per share
- New $350M share repurchase program authorized
- $6M still remaining from previous $250M buyback program
- Consistent dividend increases for three consecutive years
- Agreement with Genworth Holdings to maintain ownership structure during buybacks
- None.
Insights
Enact's 14% dividend increase and new $350M buyback program signal strong shareholder returns, continuing three-year pattern of dividend growth.
Enact Holdings has announced two significant capital return initiatives that demonstrate a shareholder-friendly allocation strategy. The company is increasing its quarterly dividend by
This dividend increase continues a positive trend, as CEO Rohit Gupta noted they've raised the dividend annually since its inception three years ago. The new buyback authorization is particularly substantial when considered alongside the
The structured approach to the buyback program includes an agreement with parent company Genworth Holdings to maintain its current ownership percentage during repurchases. This arrangement provides clarity on execution while still allowing for share count reduction, which can enhance earnings per share metrics for remaining shareholders.
Both actions reflect the Board's confidence in the company's business fundamentals as explicitly stated by the CEO. For investors, these tangible capital return initiatives provide clear evidence of the company's commitment to returning value to shareholders while maintaining operational flexibility through the opportunistic nature of the repurchase program.
RALEIGH, N.C., April 30, 2025 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) announced that its Board of Directors declared a quarterly dividend of
Additionally, Enact’s Board of Directors authorized a new share repurchase program under which the company may purchase up to
“Our increased dividend and new share repurchase program reflect our continued commitment to creating value for our shareholders,” said Rohit Gupta, Enact’s President and Chief Executive Officer. “With today’s announcement, we have raised our quarterly dividend every year since its inception three years ago, underscoring the strength of our financial performance and confidence in our business. Going forward we will continue to take a thoughtful and disciplined approach to our capital allocation priorities.”
Enact’s new share repurchase program authorizes the purchase of up to
Enact expects the timing and amount of any share repurchases will be opportunistic and will depend on a variety of factors, including Enact’s share price, capital availability, business and market conditions, regulatory requirements, and debt covenant restrictions. The program does not obligate Enact to acquire any amount of common stock, it may be suspended or terminated at any time at the Company’s discretion without prior notice, and it does not have a specified expiration date.
About Enact Holdings, Inc.
Enact (Nasdaq: ACT), operating principally through its wholly-owned subsidiary Enact Mortgage Insurance Corporation since 1981, is a leading U.S. private mortgage insurance provider committed to helping more people achieve the dream of homeownership. Building on a deep understanding of lenders' businesses and a legacy of financial strength, we partner with lenders to bring best-in class service, leading underwriting expertise, and extensive risk and capital management to the mortgage process, helping to put more people in homes and keep them there. By empowering customers and their borrowers, Enact seeks to positively impact the lives of those in the communities in which it serves in a sustainable way. Enact is headquartered in Raleigh, North Carolina.
This press release was published by a CLEAR® Verified individual.
Investor Contact Daniel Kohl EnactIR@enactmi.com Media Contact Sarah Wentz Sarah.Wentz@enactmi.com
FAQ
How much did Enact (ACT) increase its dividend in Q2 2025?
What is the size of Enact's new share buyback program announced in April 2025?
When will Enact (ACT) pay its increased dividend of $0.21 per share?
How will Enact's share repurchase program affect Genworth's ownership stake?
How long has Enact (ACT) been paying dividends?
What methods will Enact use for its $350M stock buyback program?
