Enact Holdings, Inc. Declares a Special Cash Dividend, Payable on December 5, 2023
November 01, 2023 at 04:10 pm EDT
Share
Enact Holdings, Inc. announced that its Board of Directors declared a special cash dividend of $113 million, or $0.71 per common share. The special cash dividend payable on December 5, 2023 to shareholders of record as of close of business on November 16, 2023.
Enact Holdings, Inc. is a private mortgage insurance company. The Company operates principally through its wholly owned subsidiary, Enact Mortgage Insurance Corporation. It is engaged in the business of writing and assuming residential mortgage guaranty insurance. The insurance protects lenders and investors against certain losses resulting from nonpayment of loans secured by mortgages, deeds of trust or other instruments constituting a first lien on residential real estate. It facilitates the sale of mortgages to the secondary market, including to private investors, as well as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). It has a diverse customer base and maintains enduring relationships across the mortgage origination market, including with national banks, non-bank mortgage lenders, local mortgage bankers, community banks and credit unions.
ENACT HOLDINGS, INC. 
