BIRMINGHAM, Ala.–(BUSINESS WIRE)–The board of ProAssurance Corporation (NYSE:PRA) declared a cash dividend of $0.05 per common share, payable April 13, 2021 to stockholders owning our shares on March 26, 2021.
Our dividend policy provides for a total annual dividend of $0.20 per share, paid in equal quarterly instalments. However, any decision to pay future cash dividends is subject to the final determination of the Board of Directors after a thorough review of the Company’s financial performance, future expectations and other factors the Board of Directors deems relevant.
Pro Assurance Corporation is an industry-leading specialty insurer with extensive expertise in healthcare professional liability, medical device and life sciences product liability, statutory professional liability and workers’ compensation insurance. The ProAssurance Group is rated “A” (excellent) by AM Best; ProAssurance and its operating subsidiaries are rated “A-” (strong) by Fitch Ratings. Below is the latest information on ProAssurance and its industry-leading suite of products and services, state-of-the-art risk management and practice improvement programs @ProAssurance on Twitter or LinkedIn. ProAssurance YouTube channel regularly presents thought-provoking, insightful videos that teach effective practice management, patient safety, and risk management strategies.
Caution with forward-looking statements
Statements in this press release that are not historical facts or that represent our views about future business, events or trends are expressly identified as forward-looking statements. Forward-looking statements are based on our estimates and expectations of future events and involve certain risks and uncertainties that could cause actual results to differ materially from our anticipated 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 all forward-looking statements contained in this press release. Forward-looking statements speak only our outlook as of the date of this press release. Except as required by law or regulation, we expressly disclaim and undertake any obligation to publicly release the result of any changes made to any forward-looking statements to reflect events or circumstances after the date of these statements reflect or the occurrence of expected or unexpected events.
There are a number of risk factors that could cause results to differ from our expectations or projections. These are detailed in various documents filed by ProAssurance Corporation with the Securities and Exchange Commissionsuch as B. Current reports on Form 8-K and periodic reports on Forms 10-Q and 10-K, particularly in “Item 1A, Risk Factors”.