In trading on Friday, shares of RenaissanceRe Holdings Ltd.'s 4.20% Dep Shares Series G Non-Cumul Preference Shares (Symbol: RNR.PRG) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.05), with shares changing hands as low as $17.46 on the day. This compares to an average yield of 6.50% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, RNR.PRG was trading at a 28.76% discount to its liquidation preference amount, versus the average discount of 6.93% in the "Financial" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.
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Below is a dividend history chart for RNR.PRG, showing historical dividend payments on RenaissanceRe Holdings Ltd.'s 4.20% Dep Shares Series G Non-Cumul Preference Shares:
In Friday trading, RenaissanceRe Holdings Ltd.'s 4.20% Dep Shares Series G Non-Cumul Preference Shares (Symbol: RNR.PRG) is currently down about 1.7% on the day, while the common shares (Symbol: RNR) are up about 0.3%.
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DKR Historical Stock Prices Funds Holding NTRP
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