December 3, 2020 by matray

The Board of Directors of ProAssurance Corp. has declared a cash dividend of $0.05 per common share, payable on Jan. 7, 2021, to shareholders who own its stock as of Dec. 22, 2020.

For 2020, ProAssurance’s dividend policy anticipates a total annual dividend of $0.72 per share. On an annualized basis going forward, the policy anticipates annual dividends of $0.20 per share to be paid in equal quarterly installments. However, any decision to pay future cash dividends will be subject to the ProAssurance Board’s final determination after a review of the company’s financial performance, future expectations and other factors deemed relevant by the Board.

The ProAssurance Board also set May 25, 2021 as the date of the 2021 Annual Meeting of Shareholders to be held at its headquarters in Birmingham, Ala. The record date for the meeting is March 29, 2021.å