Traders Cooperative

[Joe Stocks]

ACT - Announced today their first quarterly dividend. 14 cents. Of course I would have liked to see a larger dividend. I am happy they started this quarter, and not next. And I figured it would take the year to see what the total dividend would be. ACT hanging on to more cash is no problem for me as GNW owns 81.6% of ACT. Would have liked to see more so GNW could pay down debt faster, but the 14 cents is not a surprise due to macro headwinds and the press release sounds like they are still evaluating. I expect to see more with a special dividend at year end.

" "Returning capital to shareholders, balanced with our growth and risk management priorities, remains a key commitment for Enact as we look to drive shareholder value through time. We believe the initiation of a quarterly dividend reflects meaningful progress towards that goal and we continue to evaluate the most appropriate amount of total capital to return to shareholders for the remainder of 2022. Our ultimate view will be shaped by our capital prioritization framework: supporting our existing policyholders, growing our mortgage insurance business, funding attractive new business opportunities and returning capital to shareholders. Our total return of capital will also be based on our view of the prevailing and prospective macro-economic conditions, regulatory landscape and business performance."

Link to 8K
http://archive.fast-edgar.com/20220428/AQ22M22CR222V2Z2222R22YZI5GFE2Y2A242/