On 11/26/13, RenaissanceRe Holdings Ltd.'s 6.08% Series C Preference Shares (RNR.PRC) will trade ex-dividend, for its quarterly dividend of $0.38, payable on 12/2/13. As a percentage of RNR.PRC's recent share price of $23.24, this dividend works out to approximately 1.64%, so look for shares of RNR.PRC to trade 1.64% lower — all else being equal — when RNR.PRC shares open for trading on 11/26/13. On an annualized basis, the current yield is approximately 6.55%, which compares to an average yield of 5.95% in the "Financial" preferred stock category, according to Preferred Stock Channel.
Cash Dividend On The Way From RenaissanceRe Holdings Series C Preference Shares
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