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Alterra Capital declares USD0.12 per share dividend and higher share repurchase programme of USD200m.

M2 EQUITYBITES-February 9, 2011-Alterra Capital declares USD0.12 per share dividend and higher share repurchase programme of USD200m(C)2011 M2 COMMUNICATIONS http://www.m2.com

Alterra Capital Holdings Limited (NASDAQ:ALTE) (BSX:ALTE.BH), a provider of diversified specialty insurance and reinsurance products, announced on Tuesday that its board of directors approved a dividend of USD0.12 per share.

All shareholders of record as of 22 February 2011 will receive the dividend on 8 March 2011.

Additionally, the board on 8 February 2011 authorised an USD200.0m increase in the share repurchase programme taking the available amount as of the same date to USD261.1m.

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Publication:M2 EquityBites (EQB)
Date:Feb 9, 2011
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