RenaissanceRe Holdings Ltd. (RNR) To Go Ex-Dividend on September 15th

RenaissanceRe Holdings Ltd. (NYSE:RNR) declared a quarterly dividend on Wednesday, July 29th. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.41 per share by the insurance provider on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 15th.

RenaissanceRe has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 30 years. RenaissanceRe has a payout ratio of 4.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect RenaissanceRe to earn $40.69 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 Performance

NYSE RNR opened at $325.26 on Friday. The stock has a market cap of $13.51 billion, a PE ratio of 5.58, a P/E/G ratio of 1.18 and a beta of 0.17. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a 50-day moving average of $323.42 and a 200-day moving average of $308.26. RenaissanceRe has a 52-week low of $231.17 and a 52-week high of $340.24.

RenaissanceRe (NYSE:RNR) last announced its earnings results on Tuesday, June 30th. The insurance provider reported $12.92 earnings per share for the quarter. The company had revenue of $2.77 billion for the quarter. RenaissanceRe had a return on equity of 23.10% and a net margin of 23.65%. On average, sell-side analysts anticipate that RenaissanceRe will post 42.4 EPS for the current year.

About RenaissanceRe

RenaissanceRe Holdings Ltd. is a Bermuda-based global reinsurance and specialty insurance company. Founded in 1993, the company initially focused on property catastrophe reinsurance and has expanded its operations to serve insurers, businesses and other risk-bearing organizations worldwide.

RenaissanceRe provides reinsurance and insurance solutions covering property, casualty and specialty risks. Its property business includes protection against hurricanes, earthquakes, severe weather and other catastrophe-related events, while its casualty and specialty operations address risks such as liability, professional lines and other complex commercial exposures.

The company also manages and supports insurance-linked securities and other third-party capital strategies, allowing investors to participate in selected insurance risks.