ProAssurance (PRA) Declares $0.31 Quarterly Dividend; Approves $100M Common Stock Buyback

ProAssurance (NYSE: PRA) declared a quarterly dividend of $0.31 per share, or $1.24 annualized.

The dividend will be payable on July 9, 2015, to stockholders of record on June 25, 2015, with an ex-dividend date of June 23, 2015.

The annual yield on the dividend is 2.8 percent.

The Board also authorized an additional $100 million to be used for share repurchase or debt retirement. This brings the outstanding authorization to approximately $187 million as of May 27, 2015. This year, through May 22, 2015, we have repurchased approximately 2.1 million shares at a cost of $94.4 million.

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

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