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Stock impact report

Arch Capital Group Ltd. Announces Special Cash Dividend of $1.9 Billion and Senior Executive Promotions [Yahoo! Finance]

Arch Capital Group Ltd. (ACGL) 
Last arch capital group ltd. earnings: 2/11 04:31 pm Check Earnings Report
Company Research Source: Yahoo! Finance
PEMBROKE, Bermuda, November 07, 2024 BUSINESS WIRE )--Arch Capital Group Ltd. (NASDAQ: ACGL, "Arch" or "the Company") today announced that its Board of Directors (Board) has declared a special cash dividend (special dividend) of $1.9 billion to common shareholders, representing $5.00 per outstanding common share. The special dividend is payable on Dec. 4, 2024, to common shareholders of record on Nov. 18, 2024. "Arch is operating from a position of strength with a long track record of superior performance that is among the best in the insurance industry," Arch CEO Nicolas Papadopoulo said. "As part of our ongoing capital management responsibilities, the Board and management have determined that a special dividend is the most effective way to return capital to shareholders at this time. This dividend underscores Arch's robust capital position and our commitment to delivering value to our shareholders." Also, as part of the Company's long-term succession planning, the following exe Show less Read more
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