UPDATE: RenaissanceRe (RNR) Declares $0.32 Quarterly Dividend, 0.9% Yield; Board Boosts Share Buyback Authorization to $500M

RenaissanceRe (NYSE: RNR) declared a quarterly dividend of $0.32 per share, or $1.28 annualized.

The dividend will be payable on December 29, 2017, to stockholders of record on December 15, 2017, with an ex-dividend date of December 14, 2017.

The annual yield on the dividend is 0.9 percent.

Share Buyback Authorization

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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