Hiscox Stock Slips After Dividend Cutoff as $300 Million Buyback Takes Focus
Hiscox shares closed at 1,560 pence in London on Friday, down 0.19%, after going ex-dividend for a $0.359 final payout. The record date for the dividend is April 24, with payment due June 8. The insurer is running a $300 million buyback, having repurchased 279,904 shares in April. Hiscox’s next trading statement is set for May 7.