RenaissanceRe Holdings (RNR) will raise its quarterly dividend by 2.9 percent to $0.35 per share in 2020. This will mark the 24th consecutive year of annual dividend increases by the reinsurer. Last year the company hiked its dividend by 3.0 percent.
The dividend is payable on March 31, 2020, to shareholders of record on March 13, 2020. A new annualized dividend rate of $1.40 per share yields 0.7% at a stock price of $197.72.
RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance. The Company's products include property, casualty and specialty reinsurance and certain insurance products principally distributed through intermediaries.
2022