Bermuda-based Validus Holdings has announced a quarterly dividend of 25 cents per share, payable to shareholders of record on June 15, 2012.The dividend is payable on June 29, 2012.The company also announced its Board of Directors has approved a modified Dutch auction tender where the company may repurchase up to $200 million of shares. The tender offer is part of Validus’ existing authorisation to return up to $400 million to shareholders through share repurchases or other means.The tender offer will proceed by way of a “modified Dutch auction”, where Validus shareholders may tender all or a portion of their common shares at a price of not less than $30.50 and not more than $33.50, in increments of 25 cents per share or without specifying a purchase price, in which case their common shares will be purchased at the purchase price determined in accordance with the tender offer.