Validus Holdings, Ltd. Increases Dividend by 13.6% to $0.25
Validus Holdings, Ltd. (NYSE: VR) announced today that its Board of Directors has increased its quarterly dividend to $0.25 per common share and $0.25 per common share equivalent for which each outstanding warrant is exercisable. The dividend is payable on March 31, 2011 to shareholders and warrant holders of record on March 15, 2011.
This $0.25 per common share quarterly dividend is a 13.6% increase over the prior quarterly dividend of $0.22 per common share.
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