RenaissanceRe Reports Renewal Of Share Repurchase Program, Bringing Total Current Authorization Up To $500M
Portfolio Pulse from Benzinga Newsdesk
RenaissanceRe has renewed its share repurchase program, increasing the total current authorization to $500M, including amounts from prior authorizations. Additionally, a quarterly dividend of $0.39 per common share has been announced, payable on June 28, 2024, to shareholders of record as of June 14, 2024.
May 13, 2024 | 8:34 pm
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RenaissanceRe's renewal of its share repurchase program to $500M and the announcement of a $0.39 per share quarterly dividend signal strong financial health and shareholder value focus.
Renewal of the share repurchase program and the declaration of a quarterly dividend are positive signals to the market, indicating the company's strong financial position and commitment to returning value to shareholders. These actions typically lead to positive investor sentiment and can have a bullish effect on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100