RNR

RenaissanceRe Holdings' Series C Preference Shares Crosses Above 6% Yield Territory

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Shutterstock photo

Shutterstock photo

In trading on Thursday, shares of RenaissanceRe Holdings Ltd.'s 6.08% Series C Preference Shares (Symbol: RNR.PRC) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.52), with shares changing hands as low as $25.16 on the day. This compares to an average yield of 5.36% in the "Financial" preferred stock category, according to Preferred Stock Channel . As of last close, RNR.PRC was trading at a 1.96% premium to its liquidation preference amount, versus the average premium of 6.43% in the "Financial" category.

Performance Comparison Chart

Below is a dividend history chart for RNR.PRC, showing historical dividend payments on RenaissanceRe Holdings Ltd.'s 6.08% Series C Preference Shares:

RNR.PRC+Dividend+History+Chart

In Thursday trading, RenaissanceRe Holdings Ltd.'s 6.08% Series C Preference Shares (Symbol: RNR.PRC) is currently off about 1.2% on the day, while the common shares (Symbol: RNR) are off about 4.5%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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