Jackson Announces Fourth Quarter Cash Dividend of $0.50 Per Share and a $300 Million Share Repurchase Program
The Board also authorized a $300 million share repurchase program for Jacksons Class A common stock.
- The Board also authorized a $300 million share repurchase program for Jacksons Class A common stock.
- The dividend and share repurchase program are the first for Jackson since becoming an independent, publicly-traded company.
- Taken together, the dividend and share repurchase program position us to fulfill our previously announced target of returning $325 million to $425 million to shareholders within the first year following the demerger.
- Jackson National Life Insurance Company is a wholly owned subsidiary of Jackson Financial Inc. Jackson Financial Inc. is a publicly traded company.