ProAssurance Declares Quarterly Dividend
ProAssurance Corporation (NYSE:PRA) has announced a cash dividend of $0.05 per common share, scheduled for payment on January 7, 2021, to shareholders of record as of December 22, 2020. For 2020, the company plans a total annual dividend of $0.72 per share, with a forward-looking annual dividend policy of $0.20 per share paid quarterly. Future dividends will depend on the Board's assessment of the company’s financial performance and conditions. Additionally, the 2021 Annual Meeting of Shareholders is set for May 25, 2021, with a record date of March 29, 2021.
- Declared cash dividend of $0.05 per share, demonstrating ongoing shareholder returns.
- Anticipates a total annual dividend of $0.72 per share for 2020, indicating strong cash flow.
- Future dividends are subject to the Board's review, introducing uncertainty.
- Annual dividend policy decrease to $0.20 per share reflects a cautious approach.
BIRMINGHAM, Ala.--(BUSINESS WIRE)--The Board of Directors of ProAssurance Corporation (NYSE:PRA) has declared a cash dividend of
For 2020, our dividend policy anticipates a total annual dividend of
Today our Board also set May 25, 2021 as the date of the 2021 Annual Meeting of Shareholders to be held at our headquarters in Birmingham, Alabama. The record date for the meeting is March 29, 2021.
About ProAssurance
ProAssurance Corporation is an industry-leading specialty insurer with extensive expertise in healthcare professional liability, products liability for medical technology and life sciences, legal professional liability, and workers’ compensation insurance. ProAssurance Group is rated “A” (Excellent) by AM Best; ProAssurance and its operating subsidiaries are rated “A-” (Strong) by Fitch Ratings. For the latest on ProAssurance and its industry-leading suite of products and services, cutting-edge risk management and practice enhancement programs, follow @ProAssurance on Twitter or LinkedIn. ProAssurance’s YouTube channel regularly presents thought provoking, insightful videos that communicate effective practice management, patient safety and risk management strategies.
Caution Regarding Forward-Looking Statements
Statements in this news release that are not historical fact or that convey our view of future business, events or trends are specifically identified as forward-looking statements. Forward-looking statements are based upon our estimates and anticipation of future events and highlight certain risks and uncertainties that could cause actual results to vary materially from our expected results. We expressly claim the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, for any forward-looking statements in this news release. Forward-looking statements represent our outlook only as of the date of this news release. Except as required by law or regulation, we do not undertake and specifically decline any obligation to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
There are a number of risk factors that may cause outcomes that differ from our expectations or projections. These are described in detail in various documents filed by ProAssurance Corporation with the Securities and Exchange Commission, such as current reports on Form 8-K, and regular reports on Forms 10-Q and 10-K, particularly in “Item 1A, Risk Factors.”
