Enact Announces an Increase to Quarterly Dividend
02 May 2023 - 6:15AM
Enact Holdings, Inc. (Nasdaq: ACT) (Enact), a
leading provider of private mortgage insurance through its
insurance subsidiaries, today announced that its Board of Directors
declared a quarterly dividend of $0.16 per common share, an
increase of over 14% from the prior quarter’s dividend. This
quarter’s dividend will be payable on June 14, 2023 to shareholders
of record on May 31, 2023. All future dividends are subject to
Board approval.
"We are pleased to announce an increase in our quarterly
dividend, which reflects our continued execution against our
cycle-tested strategy, our financial strength and flexibility, and
our confidence in our business," said Rohit Gupta, President and
CEO of Enact. "We remain committed to a disciplined capital
allocation strategy and continue to take a balanced approach
providing the flexibility to support our policyholders, invest in
our business, and return capital to our shareholders.”
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.
Investor Contact
Daniel Kohl
EnactIR@enactmi.com
Media Contact
Brittany Harris-Flowers
brittany.harris-flowers@enactmi.com
Enact (NASDAQ:ACT)
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