ProAssurance Declares Quarterly Dividend
March 04 2020 - 4:15PM
Business Wire
The Board of Directors of ProAssurance Corporation (NYSE:PRA)
has declared a cash dividend of $0.31 per common share, payable on
April 15, 2020 to shareholders who own our stock as of March 27,
2020.
Our dividend policy anticipates a total annual dividend of $1.24
per share, to be paid in equal quarterly installments. However, any
decision to pay future cash dividends will be subject to the
Board’s final determination after a comprehensive review of the
company’s financial performance, future expectations, and other
factors deemed relevant by the Board.
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. The Company is recognized as one of the top performing
insurance companies in America by virtue of our inclusion in the
Ward’s 50 for thirteen straight years. 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.”
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version on businesswire.com: https://www.businesswire.com/news/home/20200304005714/en/
Ken McEwen Manager, Investor Relations 800-282-6242 •
205-439-7903 • KenMcEwen@ProAssurance.com
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