RenaissanceRe Holdings Series C Preference Shares Crosses Above 6% Yield Territory

In trading on Thursday, shares of RenaissanceRe Holdings Ltd.'s Series C Preference Shares (NYSE: RNR.PRC) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.52), with shares changing hands as low as $25.31 on the day. This compares to an average yield of 5.18% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, RNR.PRC was trading at a 1.52% premium to its liquidation preference amount, versus the average premium of...