Hartford Board Authorizes $1.3 Bln Equity Repurchase Plan - Quick Facts

(RTTNews) - The Hartford (HIG) announced its board authorized a new $1.3 billion equity repurchase plan for common shares. The new program, which is effective Oct. 31, 2016 and expires Dec. 31, 2017, is in addition to the company's current $4.375 billion equity repurchase plan, which expires on Dec. 31, 2016 and has approximately $195 million remaining as of Oct. 26, 2016.

The board also declared a quarterly dividend of $0.23 per share of common stock, payable on Jan. 3, 2017, to shareholders of record at the close of business on Dec. 1, 2016. This represents an increase of $0.02 per share, or 10%, over the prior quarterly dividend.