UPDATE: ProAssurance (PRA) Raises Quarterly Dividend 3.3% to $0.31; Approves Additional $100M Buyback

ProAssurance (NYSE: PRA) declared a quarterly dividend of $0.31 per share, or $1.24 annualized. This is a 3.3% increase from the prior dividend of $0.30.

The dividend will be payable on January 9, 2015, to stockholders of record on December 30, 2014, with an ex-dividend date of December 26, 2014.

The annual yield on the dividend is 2.7 percent.

The Board also authorized an additional $100 million to be used for share repurchase or debt retirement. This brings the outstanding authorization to $198 million, which we will deploy depending on market conditions as well as the company's view of its future capital needs.

For a dividend history and other dividend-related data on ProAssurance (PRA) click here.

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