Log In

Reset Password

RenRe may repurchase common stock up to $500 million

RenaissanceRe Holdings Ltd. announced this afternoon an increase in authorisation to $500 million in its share repurchase programme, and a quarterly dividend of $0.28 per common share on its common stock.

A press release stated the dividend is payable on September 30 to shareholders of record on September 13.

It also stated that the increase in RenaissanceRe's share repurchase programme brings the total current authorisation to $500 million, and includes the remaining amounts available under prior authorisations.

It reported that under this programme, 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 programme does not have an established expiration date.

You must be Registered or to post comment or to vote.

Published August 12, 2013 at 9:00 am (Updated August 11, 2013 at 2:41 pm)

RenRe may repurchase common stock up to $500 million

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon