LANSING - Jackson Financial Inc. (NYSE: NYSE:JXN), a major player in the retirement planning sector, announced a series of financial decisions aimed at rewarding its shareholders. The company's Board of Directors has declared a quarterly cash dividend and increased the company's share repurchase authorization.
Shareholders can expect to receive a $0.70 per share dividend for the third quarter of 2024, payable on September 19, 2024, to those on record as of September 5, 2024. Additionally, holders of the depositary shares, each representing a 1/1,000th interest in a share of Fixed-Rate Reset Noncumulative Perpetual Preferred Stock, Series A, will receive a dividend of $0.50 per depositary share. This is scheduled for payment on September 30, 2024, with the same record date.
In a move to further enhance shareholder value, Jackson has also expanded its share repurchase program by authorizing an additional $750 million. This increase supplements the existing authorization, which had $95 million remaining as of June 30, 2024. The company has stated that repurchases may occur through various market transactions, depending on conditions and legal requirements, and retains the discretion to modify or terminate the buyback program.
Jackson Financial is known for its focus on simplifying the complexities of retirement planning and has a history of service recognition, including awards from the Service Quality Measurement Group. The company's approach to business is to serve its stakeholders responsibly over the long term, balancing the needs of customers, shareholders, partners, employees, regulators, and community members.
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