Renaissance Re Stock To Go Ex-dividend Tomorrow (RNR)

NEW YORK ( TheStreet) -- The ex-dividend date for Renaissance Re Holdings (NYSE: RNR) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $73 as of 9:35 a.m. ET, the dividend yield is 1.5%.

The average volume for Renaissance Re has been 348,400 shares per day over the past 30 days. Renaissance Re has a market cap of $3.74 billion and is part of the financial sector and insurance industry. Shares are down 1.4% year to date as of the close of trading on Friday.

RenaissanceRe Holdings Ltd., together with its subsidiaries, provides reinsurance and insurance products and services worldwide.

TheStreet Ratings rates Renaissance Re as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Renaissance Re Ratings Report.

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