RenaissanceRe Stock To Go Ex-dividend Tomorrow (RNR)
The ex-dividend date for RenaissanceRe Holdings (NYSE:RNR) is tomorrow, March 13, 2013. Owners of shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $89.62 as of 9:35 a.m., the dividend yield is 1.2%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for RenaissanceRe Holdings (NYSE: RNR) is tomorrow, March 13, 2013. Owners of shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $89.62 as of 9:35 a.m. ET, the dividend yield is 1.2%. The average volume for RenaissanceRe has been 510,900 shares per day over the past 30 days. RenaissanceRe has a market cap of $3.96 billion and is part of the financial sector and insurance industry. Shares are up 10.3% year to date as of the close of trading on Monday. RenaissanceRe Holdings Ltd., together with its subsidiaries, provides reinsurance and insurance products in the United States and internationally. The company has a P/E ratio of eight, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates RenaissanceRe as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full RenaissanceRe Ratings Report. See our dividend calendar or top-yielding stocks list. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.