RenRe dividend announced
The board of directors of Bermudian-based RenaissanceRe Holdings Ltd has announced a quarterly dividend of $0.37 per common share.
The dividend is payable on June 30 to shareholders of record on June 15.
The board has also approved a renewal of RenRe’s authorised share repurchase programme, bringing the total current authorisation up to $500 million, which includes the remaining amounts under prior authorisations.
RenRe said the programme will expire when the company has repurchased the full value of the shares authorised, unless terminated earlier by the board.
Pursuant to the programme, RenRe may repurchase shares through open market purchases and privately negotiated transactions, and the decision to repurchase common shares will depend on, among other things, the market price of the common shares and the company’s capital requirements, the company said.