Towers Watson raises quarterly dividend, announces $300M share repurchase plan Towers Watson announced that its Board of Directors has approved the purchase of up to $300M of the company's class A common stock and has terminated the existing share repurchase authorizations. Under this new authorization, the company will continue to offset share dilution as a result of stock based compensation programs and may make opportunistic repurchases of common stock from time to time through open-market purchases, in privately negotiated transactions or otherwise. The amount and timing of any purchases will depend upon a number of factors, including the price and availability of the company's shares and general market conditions. No time limit has been placed on the duration of the share repurchase program, and it may be discontinued at any time. The company also announced that its Board of Directors approved a regular quarterly cash dividend of 15c per common share for the quarter ended June 30. This represents a 7% increase. The dividend is payable on or about October 15 to stockholders of record at the close of business on September 30.