RenaissanceRe Holdings Ltd. Announces Quarterly Dividend of $0.41 (NYSE:RNR)

RenaissanceRe Holdings Ltd. (NYSE:RNR) announced a quarterly dividend on Wednesday, May 6th. Investors of record on Monday, June 15th will be paid a dividend of 0.41 per share by the insurance provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, June 15th.

RenaissanceRe has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 30 consecutive years. RenaissanceRe has a payout ratio of 4.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect RenaissanceRe to earn $40.93 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 4.0%.

RenaissanceRe Stock Down 1.5%

Shares of NYSE:RNR traded down $4.55 during midday trading on Thursday, reaching $298.08. The company had a trading volume of 22,110 shares, compared to its average volume of 361,443. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.37. The stock’s fifty day moving average price is $301.56 and its 200-day moving average price is $282.82. The stock has a market capitalization of $12.71 billion, a P/E ratio of 5.00, a PEG ratio of 0.83 and a beta of 0.22. RenaissanceRe has a one year low of $231.17 and a one year high of $318.20.

RenaissanceRe (NYSE:RNR) last released its earnings results on Tuesday, April 28th. The insurance provider reported $13.75 earnings per share for the quarter, beating the consensus estimate of $11.07 by $2.68. RenaissanceRe had a net margin of 24.25% and a return on equity of 24.01%. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the previous year, the firm earned ($1.49) earnings per share. The firm’s revenue for the quarter was down 36.8% compared to the same quarter last year. Equities research analysts expect that RenaissanceRe will post 38.49 earnings per share for the current fiscal year.

About RenaissanceRe

RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance solutions, specializing in property catastrophe, casualty, and specialty lines. Established in 1993 and headquartered in Bermuda, the company trades on the New York Stock Exchange under the symbol RNR. With a focus on underwriting and risk assessment, RenaissanceRe offers tailored programs designed to help insurers and corporations manage exposure to natural disasters, liability claims, and other complex risks.

The company operates through two primary segments: Reinsurance and Insurance.