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CNA Surety Announces Quarterly Dividend and Stock Repurchase Program

CHICAGO, November 14, 2000 -- CNA Surety Corporation (NYSE:SUR) today announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per common share payable to all holders of record as of December 15, 2000. The dividend will be paid on December 29, 2000.

Additionally, the Company announced that it would recommence its previously authorized program to repurchase shares of its common stock. Depending on market conditions, these shares may be purchased from time to time in the open market or otherwise.

CNA Surety Corporation is the largest publicly traded surety company in the country. Through its principal subsidiaries, Western Surety Company and Universal Surety of America, CNA Surety provides surety and fidelity bonds in all 50 states through a combined network of approximately 37,000 independent agencies.

CNA is a registered service mark and trade name of CNA Financial Corporation.

 

  
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