CAPITAL ALLOCATION · JULY 2025 AND DECEMBER 2025 · IN PROGRESS
Butterfield Bank Significantly Increases Shareholder Payouts with 14% Dividend Hike and a New $140 Million Share Repurchase Program
In a significant strategic shift towards enhancing shareholder returns, The Bank of N.T. Butterfield & Son Limited announced a 14% increase in its quarterly dividend to $0.50 per share during its Q2 2025 earnings report. This was followed by the board's approval of a new, larger $140 million share repurchase program for up to 3.0 million shares, set to commence on January 1, 2026. This dual approach demonstrates a clear commitment to returning a greater portion of capital to its investors.