RenaissanceRe Holdings Ltd. (RNR) to Issue Quarterly Dividend of $0.41 on September 30th

RenaissanceRe Holdings Ltd. (NYSE:RNRGet Free Report) declared a quarterly dividend on Wednesday, July 29th. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.41 per share by the insurance provider on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 15th.

RenaissanceRe has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 30 years. RenaissanceRe has a dividend payout ratio of 4.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect RenaissanceRe to earn $40.83 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 4.0%.

RenaissanceRe Stock Performance

Shares of NYSE:RNR opened at $318.26 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.38 and a quick ratio of 1.38. The business’s 50 day moving average price is $307.31 and its 200-day moving average price is $300.10. The firm has a market capitalization of $13.22 billion, a PE ratio of 5.46, a P/E/G ratio of 1.23 and a beta of 0.17. RenaissanceRe has a 1 year low of $231.17 and a 1 year high of $335.97.

RenaissanceRe (NYSE:RNRGet Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The insurance provider reported $12.92 EPS for the quarter, topping the consensus estimate of $11.72 by $1.20. The firm had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.57 billion. RenaissanceRe had a return on equity of 23.10% and a net margin of 23.65%.During the same period in the previous year, the business earned $12.29 earnings per share. As a group, equities research analysts expect that RenaissanceRe will post 41.68 earnings per share for the current fiscal year.

RenaissanceRe Company Profile

(Get Free Report)

RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance solutions, specializing in property catastrophe, casualty, and specialty lines. Established in 1993 and headquartered in Bermuda, the company trades on the New York Stock Exchange under the symbol RNR. With a focus on underwriting and risk assessment, RenaissanceRe offers tailored programs designed to help insurers and corporations manage exposure to natural disasters, liability claims, and other complex risks.

The company operates through two primary segments: Reinsurance and Insurance.

Further Reading

Dividend History for RenaissanceRe (NYSE:RNR)

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