Bermuda-based RenaissanceRe Holdings Ltd. announced a quarterly dividend of $0.32 per common share on its common stock. The dividend is payable on June 30, 2017 to shareholders of record on June 15, 2017.
In addition, the Board of Directors approved an increase in RenaissanceRe’s share repurchase program, bringing the total current authorization to $500 million. This authorization includes the remaining amounts available under prior authorizations.
Under this program,RenaissanceRe may repurchase shares of its common stock in the open market based on, among other things, its ongoing capital requirements and expected cash flows, and the market price of its common shares. The repurchase program does not have an established expiration date.