Platinum Underwriter (PTP) Increases Common Buyback to $250M; Declares $0.08 Quarterly Dividend; 0.7% Yield

Platinum Underwriters Holdings, Ltd. (NYSE: PTP) announced that they have increased their current stock buyback program by $194.6 million to $250 million. About $55.4 million remains in the current program. The Company also announced that the Board of Directors has declared a quarterly dividend of $0.08 per common share, $0.32 annualized. The dividend is payable on December 31, 2010 to shareholders of record on December 1, 2010. The ex-dividend date is November 29, 2010. Yield on the dividend is 0.7%.... Read more

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