AXIS Capital (NYSE: AXS) declared a quarterly common dividend of $0.44 per share payable April 15, 2026 to holders of record as of March 31, 2026. The Board also declared a Series E preferred dividend of $34.375 per share payable April 15, 2026.
The Board approved a new open-ended $300 million share repurchase authorization, supplementing an existing program with $112 million available as of December 31, 2025. Repurchases may occur in the open market or via private transactions and will be opportunistic based on market and regulatory conditions.
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Positive
Common dividend of $0.44 per share declared
Preferred dividend of $34.375 per Series E share declared
$300M new share repurchase authorization approved
$112M remaining under prior repurchase program (as of 12/31/2025)
Negative
None.
News Market Reaction – AXS
+1.06%
+1.06%Session close to close
In the Feb 27 session, AXS gained 1.06%, reflecting a mild positive market reaction.
This announcement adds to AXIS Capital’s pattern of combining a $0.44 common dividend with new or su...
Analysis
This announcement adds to AXIS Capital’s pattern of combining a $0.44 common dividend with new or supplemental repurchase authorizations, this time for up to $300 million while $112 million remained on a prior plan. Historically, similar buybacks,dividends releases produced average 24‑hour moves of +1.28%. Investors may watch execution of repurchases versus available capacity, overall capital return levels, and any future use of the effective shelf registration.
Key Figures
Common dividend:$0.44 per sharePreferred dividend:$34.375 per Series E shareDepositary share dividend:$0.34375 per depositary share+5 more
8 metrics
Common dividend$0.44 per shareQuarterly dividend payable April 15, 2026
Preferred dividend$34.375 per Series E share5.50% preferred, payable April 15, 2026
Depositary share dividend$0.34375 per depositary shareEquivalent to Series E preferred dividend
New repurchase authorization$300 millionNew share repurchase program approved by Board
Existing program remaining$112 millionCapacity left under Sept 17, 2025 authorization as of Dec 31, 2025
Current price$102.59Pre-news close vs 52-week high $110.3375
52-week range$84.81–$110.3375Price is 7.02% below high, 20.96% above low
Shares outstanding77,037,743 sharesAs of September 30, 2025 (from shelf filing)
Quarterly dividends plus new $300M buyback layered on prior plan.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Buyback and dividend announcements have historically produced modest positive next-day moves around +1–1.5%, suggesting the market typically views these actions favorably.
Recent Company History
Over the past two years, AXS has repeatedly paired $0.44 common dividends with sizable repurchase authorizations under the buybacks,dividends tag. Prior programs ranged from $300M–$400M, and each such announcement saw a positive 24‑hour reaction between +1.17% and +1.44%. Today’s news continues that pattern of capital returns alongside an already strong fundamental backdrop from recent earnings and capital return disclosures.
Key Terms
share repurchase program, depositary share
2 terms
share repurchase programfinancial
"approved a new share repurchase program, authorizing the Company to purchase up to an aggregate $300 million"
A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.
depositary sharefinancial
"preferred share (equivalent to $0.34375 per depositary share) payable on April 15, 2026"
A depositary share is a special type of stock that represents ownership in a company but is traded on the stock market like regular shares. It often makes it easier for people to buy and sell shares of companies from other countries or smaller companies that don’t list directly on big exchanges.
PEMBROKE, Bermuda, Feb. 26, 2026 (GLOBE NEWSWIRE) -- AXIS Capital Holdings Limited ("AXIS Capital" or the “Company”) (NYSE: AXS) today announced that its Board of Directors has declared a quarterly dividend of $0.44 per common share payable on April 15, 2026 to shareholders of record at the close of business on March 31, 2026.
In addition, the Board declared a dividend of $34.375 per Series E 5.50% preferred share (equivalent to $0.34375 per depositary share) payable on April 15, 2026 to shareholders of record at the close of business on March 31, 2026.
AXIS Capital also announced that its Board of Directors approved a new share repurchase program, authorizing the Company to purchase up to an aggregate $300 million of the Company’s common shares. This new share repurchase program supplements the existing share repurchase program, which was authorized on September 17, 2025, under which, as of December 31, 2025, $112 million remains available for use.
The new share repurchase program is open-ended, allowing the Company to repurchase its shares from time to time in the open market or in privately negotiated transactions. The Company will consider share repurchases on an opportunistic basis. The timing and amount of the repurchases will depend on a variety of factors, including market, economic, corporate and regulatory conditions.
About AXIS Capital AXIS Capital, through its operating subsidiaries, is a global specialty underwriter and provider of insurance and reinsurance solutions. The Company has shareholders’ equity of $6.4 billion at December 31, 2025, and locations in Bermuda, the United States, Europe, Singapore and Canada. Its operating subsidiaries have been assigned a financial strength rating of "A+" ("Strong") by Standard & Poor’s and "A" ("Excellent") by A.M. Best. For more information about AXIS Capital, visit our website at www.axiscapital.com.
When is AXIS Capital (AXS) paying the declared common dividend and who is eligible?
AXS will pay the common dividend on April 15, 2026 to holders of record at close of business March 31, 2026. According to the company, shareholders on the March 31 record date will receive the $0.44 per share payment on April 15.
What is the Series E preferred dividend AXIS Capital (AXS) declared and when is it payable?
AXS declared a Series E preferred dividend of $34.375 per share payable April 15, 2026. According to the company, the dividend equals $0.34375 per depositary share and is payable to record holders as of March 31, 2026.
How large is the new AXIS Capital (AXS) share repurchase authorization and how will repurchases be made?
AXS authorized up to $300 million in new share repurchases under an open-ended program. According to the company, repurchases may occur opportunistically in the open market or in privately negotiated transactions over time.
How much remained available under AXIS Capital's prior repurchase program at December 31, 2025?
As of December 31, 2025, $112 million remained available under the prior repurchase program. According to the company, the new $300 million authorization supplements that remaining capacity for future repurchases.
What factors did AXIS Capital (AXS) say will determine timing and amounts of share repurchases?
AXS said repurchase timing and amounts depend on market, economic, corporate and regulatory conditions. According to the company, those factors will guide opportunistic repurchases and any decisions will reflect prevailing conditions.
