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ProAssurance Announces Special and Regular Dividends

ProAssurance Corp (PRA)  More Company Research Source: Business Wire
Last proassurance corp earnings: 2/21 04:25 pm Check Earnings Report
US:NYSE Investor Relations: proassurance.com
PDF BIRMINGHAM, Ala.--(BUSINESS WIRE)-- The ProAssurance Corporation (NYSE: PRA) Board of Directors today declared a special dividend of $0.50 per share and a regular dividend of $0.31 per share. Both will be paid on January 9, 2019 to shareholders who own our stock as of December 21, 2018. “The special dividend declared today affirms our ongoing commitment to manage our capital effectively and efficiently, while safeguarding the unquestioned strength of our balance sheet. We believe the evolving loss trends in the broader medical professional liability business may create strategic opportunities for growth, which could require us to maintain a higher level of capital. Further, given our concern about those evolving loss trends, we are being conservative in our view of the capital needed to support our operations,” said W. Stancil Starnes, our Chairman and Chief Executive Officer. Including the divid [Read more]

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