Validus To Pay Special Dividend of $2, Boost Quarterly Payout

Validus Holdings Ltd., the reinsurer that acquired Flagstone Reinsurance Holdings SA, said it will pay a special dividend of $2 per share and increase its quarterly payout by 20 percent to 30 cents.

The reinsurer also authorized the repurchase of $500 million in shares, according to a Business Wire statement today from Bermuda-based Validus.

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