U.S. Hospitality Stock News

NasdaqGS:ACT
NasdaqGS:ACTDiversified Financial

Enact Holdings Ups Capital Returns With New Buyback And Steady Dividend

Enact Holdings (NasdaqGS:ACT) unveiled a new US$500 million share repurchase program. The company also entered into a share buyback agreement with Genworth Financial. Management reaffirmed its focus on shareholder returns by maintaining the quarterly dividend. Enact Holdings, a provider of mortgage insurance solutions, is making a sizable capital commitment with this new buyback authorization and agreement with Genworth Financial. For you as an investor, this combination of repurchases and...