RenaissanceRe Announces Quarterly Dividend Of $0.39 Per Share, Payable September 30, 2024, To Shareholders Of Record On September 13, 2024; Board Approves Renewal Of $500M Share Repurchase Program
Portfolio Pulse from Benzinga Newsdesk
RenaissanceRe Holdings Ltd. (RNR) has announced a quarterly dividend of $0.39 per share, payable on September 30, 2024, to shareholders of record on September 13, 2024. Additionally, the company's board has approved the renewal of a $500 million share repurchase program.
July 31, 2024 | 9:15 pm
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RenaissanceRe Holdings Ltd. (RNR) has declared a quarterly dividend of $0.39 per share and renewed a $500 million share repurchase program. The dividend is payable on September 30, 2024, to shareholders of record on September 13, 2024.
The announcement of a quarterly dividend and a significant share repurchase program is likely to positively impact RNR's stock price in the short term. Dividends provide direct returns to shareholders, while share repurchases can reduce the number of outstanding shares, potentially increasing earnings per share.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100