RenaissanceRe Declares $0.39 Dividend
The Board of Directors of RenaissanceRe Holdings Ltd. announced a quarterly dividend of $0.39 per common share on its common shares. The dividend is payable on December 31, 2024, to shareholders of record on December 13, 2024.
A spokesperson said, “In addition, the Board of Directors approved a renewal of RenaissanceRe’s authorized share repurchase program, increasing the total current authorization to $750.0 million, which includes the remaining amounts under prior authorizations. This represents a 50.0% increase from RenaissanceRe’s previous share repurchase authorization of $500.0 million.
“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.”
