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September 7, 2011 Declared

ProAssurance Initiates Quarterly Dividend; Yields 1.4%

PRA

ProAssurance Corporation (PRA) declared a quarterly dividend of $0.25 per share after today’s closing bell, a first for the specialty writer of medical professional liability insurance.

Shares of PRA closed Wednesday’s session trading at $72.14, where they now feature a 1.39% dividend yield. The stock is up 32% over the past year, including 19% so far in 2011.

Analysts currently expect ProAssurance to earn $5.61 in 2012, giving the company a very manageable 18% forward payout ratio to begin its dividend-paying era.

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