Understanding RenaissanceRe Holdings's Ex-Dividend Date

On February 5, 2021, RenaissanceRe Holdings RNR announced shareholders can expect to receive a dividend payable on March 31, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. RenaissanceRe Holdings, which has a current dividend per share of $0.36, has an ex-dividend date scheduled for March 12, 2021. That equates to a dividend yield of 0.91% at current price levels.

The Significance Of An Ex-Dividend Date

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

Understanding RenaissanceRe Holdings's Dividend Payouts And Yields

Over the past year, RenaissanceRe Holdings has seen its dividend payouts and yields climb upward overall. Last year (March 12, 2020), the company's payout sat at $0.35, which has since increased by $0.01. RenaissanceRe Holdings's dividend yield last year was 0.71%, which has since grown by 0.2%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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