RenaissanceRe: Preferred Stock Hasn't Been This Appealing In Years

RenaissanceRe (RNR) preferred dividends remain exceptionally well-covered, requiring less than 1.5% of attributable net income for payout. RNR boasts nearly $11B in common equity as a substantial cushion, enhancing preferred stock safety. The Series F preferred shares yield 6.75% and are likely to be called before Series G due to higher cost of capital.