Sept 9 (Reuters) - Assurant Inc (NYSE:AIZ) AIZ.N :
* Announces sale of employee benefits business and enhances capital management
program
* Says increases fourth quarter 2015 common stock dividend by 67 percent to
$0.50 per share
* Says authorizes new $750 million share repurchase program
* Deal for $940 million
* Says transaction is expected to close by end of Q1 2016 and result in about
$1 billion of net proceeds inclusive of capital releases
* Says board of directors declared a fourth quarter 2015 dividend of $0.50 per
share of common stock
* Fourth quarter dividend represents a 67 percent increase above the prior
quarter's dividend
* Share repurchase authorization approved is in addition to the existing
remaining authorization of approximately $276 million
* Source text for Eikon ID:nBw5jwYdja
* Further company coverage AIZ.N