RenRe Increase Quarterly Dividend To $0.37
The Board of Directors of RenaissanceRe Holdings voted to increase the Company’s quarterly dividend to $0.37 per common share, from $0.36 per common share.
A spokesperson said, “The Company has increased its dividend during each of the twenty-seven years since its initial public offering. The dividend is payable on March 31, 2022, to shareholders of record on March 15, 2022.
“In addition, the Board of Directors approved a renewal of RenaissanceRe’s authorized share repurchase program, bringing the total current authorization up to $500.0 million, which includes the remaining amounts under prior authorizations.
“The program will expire when the Company has repurchased the full value of the shares authorized, unless terminated earlier by the Board of Directors.
“Pursuant to the program, RenaissanceRe may repurchase shares through open market purchases and privately negotiated transactions, and the decision to repurchase common shares will depend on, among other things, the market price of the common shares and the Company’s capital requirements.”
