Everest Re Group hikes dividend by 6.1% to $1.75 quarterly per share

Everest Re Group Ltd (Ticker symbol: RE, ISIN-code: BMG3223R1088), a leading player in the financial sector with a focus on reinsurance, has announced a significant dividend increase. The company, which has been paying dividends since 1995, has a track record of one year of consecutive dividend increases. Everest Re is known for its consistent quarterly dividend payments.

Everest RE Dividend Details

Dividend Growth: Everest Re has demonstrated strong financial performance, with a 5-year average dividend growth rate of 4.9%. This stability reflects the company's commitment to delivering value to its shareholders.

Next Dividend per Share: Shareholders can expect to receive $1.75 per share in the upcoming quarterly dividend payment.

Annual Dividend per Share: Everest Re will now be distributing an annual dividend of $6.60 per share.

Dividend Yield: The new dividend yield stands at 1.9%, offering investors an attractive return on their investment based on the current stock price.

Stock Price: Everest Re Group Ltd's stock price is currently trading at $376.50 per share.

YTD Total Return: The company has delivered a year-to-date total return of 15.2%, reflecting strong performance in the market.

Next Ex-Dividend Date: The next ex-dividend date is set for September 18, 2023. Investors who own shares before this date will be eligible to receive the upcoming dividend.

Next Payment Date: The dividend will be paid out on September 29, 2023, to eligible shareholders.

Market Capitalization: Everest Re Group Ltd boasts a substantial market capitalization of $16.34 billion, demonstrating its position as a prominent player in the industry.

Total Dividend Payout: The company will distribute a total dividend of approximately $290 million ($0.29 billion) to its shareholders.

Investors and analysts keen on tracking Everest Re Group Ltd's financial performance and dividend history can visit the company's website at https://www.everestre.com/ for more detailed information.