Alterra Capital Announces $0.16 Dividend and Increase in Share Repurchase Plan of $100 Million
HAMILTON, Bermuda--(BUSINESS WIRE)-- Alterra Capital Holdings Limited (NASDAQ: ALTE; BSX: ALTE.BH) (Alterra) announced today that Alterras 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, Alterras 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.
Alterra Capital Holdings Limited
Susan Spivak Bernstein
Senior Vice President
Kekst and Company
Peter Hill or Melissa Sheer
Source: Alterra Capital Holdings LimitedCopyright Business Wire 2012