08:01 AM EST, 01/03/2025 (MT Newswires) -- Fairfax Financial Holdings ( FRFHF ) (FFH.TO, FFH-U.TO) on Friday declared a dividend of US$15 per share on its multiple voting and subordinate voting shares

The dividend, which is unchanged from last year, is payable on Jan. 23 to shareholders of record on Jan. 16.

In a separate release, the company said that effective Jan. 1, Carl Overy has become the chief executive of the company's unit Odyssey.

Fairfax also announced that Brian Young has become the president of Fairfax Insurance Group succeeding Andrew Barnard who held this position since 2011. Barnard has moved to the role of chairman of Fairfax Insurance Group.

Shares of the company closed down $22.01 or 1%, to $1,977.99 on Thursday on the Toronto Stock Exchange.