RenaissanceRe Approves Three-for-One Stock Split, Regular Quarterly Cash Dividend
RenaissanceRe Approves Three-for-One Stock Split, Regular Quarterly Cash Dividend
May 2, 2002
PEMBROKE, Bermuda, May 2, 2002 (BUSINESS WIRE) -- RenaissanceRe Holdings Ltd.
(NYSE: RNR) today announced that its Board of Directors has approved a
three-for-one split of the Company's common stock in the form of a stock
dividend. The stock dividend will be paid on May 30, 2002 to shareholders of
record on May 16, 2002.
The Board also declared a regular quarterly cash dividend of $0.425 per common share on a pre-split basis ($0.142 per common share on a post-split basis). This cash dividend is also payable on May 30, 2002 to shareholders of record on May 16, 2002.
RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance. The Company's principal product is property catastrophe reinsurance.
CONTACT: Investor Contact: RenaissanceRe Holdings Ltd. Martin J. Merritt, 441/299-7230 or Media Contact: Kekst and Company Sarah Zitter Milstein or Dawn Dover 212/521-4800 URL: http://www.businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page.
Copyright (C) 2002 Business Wire. All rights reserved.