JERSEY CITY, N.J., February 19, 2019 — Verisk (Nasdaq:VRSK), a leading data analytics provider, today announced that its Board of Directors has approved the initiation of a cash dividend to shareholders. Verisk will pay a cash dividend, the first in the company’s history, of $0.25 per share of common stock on March 29, 2019, to shareholders of record on the close of business on March 15, 2019.
“The decision by our Board of Directors to initiate a dividend represents an important milestone in what is our tenth year as a public company. It demonstrates the confidence we have in our ability to drive sustainable, profitable growth; generate significant free cash flow; and create long-term shareholder value,” said Scott Stephenson, chairman, president, and CEO.
Lee Shavel, executive vice president and CFO, added, “The dividend initiation adds another element to our capital allocation strategy and underscores our commitment to deliver value to our shareholders. With our strong free cash flow generation, Verisk will continue to maintain sufficient operational liquidity, invest in future growth opportunities, and return capital to shareholders.”
About Verisk
Verisk (Nasdaq:VRSK) provides predictive analytics and decision-support solutions to customers in the insurance, energy and specialized markets, and financial services industries. More than 70 percent of the FORTUNE 100 relies on the company’s advanced technologies to manage risks, make better decisions and improve operating efficiency. The company’s analytic solutions address insurance underwriting and claims, fraud, regulatory compliance, natural resources, catastrophes, economic forecasting, geopolitical risks, as well as environmental, social, and governance (ESG) matters. Celebrating its 50th anniversary, the company continues to make the world better, safer and stronger, and fosters an inclusive and diverse culture where all team members feel they belong. With more than 100 offices in nearly 35 countries, Verisk consistently earns certification by Great Place to Work. For more: Verisk.com, LinkedIn, Twitter, Facebook, and YouTube.
Contact:
Investor Relations
Stacey Brodbar
Head of Investor Relations
Verisk
201-469-4327
stacey.brodbar@verisk.com
Media
Frank Lentini
Edelman (for Verisk)
212-704-4425
frank.lentini@edelman.com