RenaissanceRe paid a total dividend of 51 million USD last year, for a market capitalization of 5,589 millions.
Dividend per share of RenaissanceRe is 1.24 USD, and his stock market price 136.32 USD.
According to the chart, where dividend yield is displayed, RenaissanceRe has a dividend yield of 0.91%, lower than the amount offered by both the market average and companies from USA. It is also lower than average of Financials industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...
About the ability of RenaissanceRe to maintain his current dividend of USD 1.24 per share, an amount that accounts for 0.91%, we should study its payout ratio both on earnings and on cash-flows (see chart below). RenaissanceRe payout on ernings is currently 12.64%, which is lower than the market average and companies of Financials industry, which are 40.24% and 44.35% respectively. Both figures lead us to believe that there is confidence that RenaissanceRecan maintain his current dividend.
The payout on earnings should be complemented with the payout on cash flow since it is this latter amount the one which can be distributed to shareholders. Cash flow per share of RenaissanceRe is USD 10.10 per share, which is higher than the dividend per share paid by the company of USD 1.24, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of RenaissanceRe, compared againt world market average, USA companies, Financials industry and Nonlife Insurance sector companies. You might also need to check full financial report of RenaissanceRe.
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