RenaissanceRe (RNR) Raises Quarterly Dividend 3.3% to $0.31 and Approves $500M Buyback Plan

RenaissanceRe (NYSE: RNR) 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 February 19, 2016, to stockholders of record on February 19, 2016, with an ex-dividend date of February 17, 2016.

The annual yield on the dividend is 1.1 percent.

In addition, the Board of Directors approved an increase in RenaissanceRe's share repurchase program, bringing the total current authorization to $500 million. This authorization includes the remaining amounts available under prior authorizations. Under this program, RenaissanceRe may repurchase shares of its common stock in the open market based on, among other things, its ongoing capital requirements and expected cash flows, and the market price of its common shares. The repurchase program does not have an established expiration date.

For a dividend history and other dividend-related data on RenaissanceRe (RNR) click here.

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