RenaissanceRe Holdings (RNR) will raise its quarterly dividend by another 2.9 percent to 36 cents per share in 2021. This follows a dividend hike of 2.9 percent to $0.35 per share in 2020. This will mark the 26th consecutive year of annual dividend increases by the reinsurer. 

The company has increased its dividend during each of the twenty-six years since its initial public offering. The dividend is payable on March 31, 2021, to shareholders of record on March 15, 2021. A new annualized dividend rate of $1.44 per share yields 0.9% at a stock price of $159.35.

If we include this new dividend hike just announced for 2021 RenaissanceRe Holdings will pay shareholders an estimated $73 million in dividends annually. 

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.  The company's segments include Property; Casualty and Specialty, and Other. The Property segment consisted of catastrophe and other property reinsurance and insurance written on behalf of its operating subsidiaries and certain joint ventures managed by its ventures unit. The Casualty and Specialty segment consisted of casualty and specialty reinsurance and insurance written on behalf of its operating subsidiaries and certain joint ventures managed by its ventures unit. Established in 1993, the company has offices in Bermuda, Australia, Ireland, Singapore, Switzerland, the United Kingdom and the United States. RenaissanceRe Holdings