Reinsurance Group of America (RGA) Declares $0.37 Quarterly Dividend; Approves $400M Buyback

Reinsurance Group of America (NYSE: RGA) declared a quarterly dividend of $0.37 per share, or $1.48 annualized.

The dividend will be payable on March 1, 2016, to stockholders of record on February 9, 2016, with an ex-dividend date of February 5, 2016.

The annual yield on the dividend is 1.8 percent.

The board of directors authorized a share repurchase program for up to $400 million of the company’s outstanding common stock, replacing the previous share repurchase authorization. This new authorization is effective immediately and does not have an expiration date. Repurchases would be made in accordance with applicable securities laws and would be made through market transactions, block trades, privately negotiated transactions or other means, or a combination of these methods, with the timing and number of shares repurchased dependent on a variety of factors, including share price, corporate and regulatory requirements, and market and business conditions. Repurchases may be commenced or suspended from time to time without prior notice.

For a dividend history and other dividend-related data on Reinsurance Group of America (RGA) click here.

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