The board of directors at RenaissanceRe has decided to raise the quarterly dividend issued to its shareholders to $0.39 per common share, an increase from the previous $0.38 per common share.
This marks a continuation of the company’s trend of increasing dividends annually for 29 years since RenaissanceRe went public. The firm first listed in 1995 on the New Yerk Stock Exchange (NYSE), selling 3.1 million common shares at a split-adjusted price of $6.33 per share.
The dividend will be distributed on March 29, 2024, to shareholders who are on record as of March 15, 2024.
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Recently, the reinsurer announced that it achieved $2.5 billion in annual net income available to common shareholders and $1.8 billion in annual operating income available to common shareholders for the year 2023.
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