RenaissanceRe Holdings Ltd. (NYSE:RNR) to Issue Quarterly Dividend of $0.41

RenaissanceRe Holdings Ltd. (NYSE:RNRGet Free Report) announced a quarterly dividend on Wednesday, July 29th. Investors of record on Tuesday, September 15th will be paid a dividend of 0.41 per share by the insurance provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Tuesday, September 15th.

RenaissanceRe has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 30 years. RenaissanceRe has a dividend payout ratio of 4.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect RenaissanceRe to earn $40.83 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 4.0%.

RenaissanceRe Stock Performance

Shares of NYSE:RNR opened at $332.61 on Thursday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.21. RenaissanceRe has a 1-year low of $231.17 and a 1-year high of $335.97. The stock has a market capitalization of $13.82 billion, a P/E ratio of 5.71, a P/E/G ratio of 1.24 and a beta of 0.17. The business has a 50-day moving average price of $306.94 and a two-hundred day moving average price of $299.78.

RenaissanceRe (NYSE:RNRGet Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The insurance provider reported $12.92 earnings per share for the quarter, beating analysts’ consensus estimates of $11.72 by $1.20. The business had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.57 billion. RenaissanceRe had a net margin of 23.65% and a return on equity of 23.10%. During the same period last year, the company posted $12.29 EPS. Equities analysts predict that RenaissanceRe will post 41.68 earnings per share for the current year.

About RenaissanceRe

(Get Free Report)

RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance solutions, specializing in property catastrophe, casualty, and specialty lines. Established in 1993 and headquartered in Bermuda, the company trades on the New York Stock Exchange under the symbol RNR. With a focus on underwriting and risk assessment, RenaissanceRe offers tailored programs designed to help insurers and corporations manage exposure to natural disasters, liability claims, and other complex risks.

The company operates through two primary segments: Reinsurance and Insurance.

Further Reading

Dividend History for RenaissanceRe (NYSE:RNR)

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