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W. R. Berkley Corporation Declares Special and Regular Quarterly Cash Dividends
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
W. R. Berkley Corporation (NYSE: WRB) has declared a special cash dividend of 50 cents per share, bringing the total special cash dividends paid in 2023 to $1.50 per share. Additionally, a regular quarterly cash dividend of 11 cents per share has been declared. The total capital returned to shareholders during 2023, including dividends and shares repurchased, is approximately $932 million.
Positive
The company has a long history, founded in 1967, and is among the largest commercial lines writers in the United States.
Negative
None.
GREENWICH, Conn.--(BUSINESS WIRE)--
W. R. Berkley Corporation (NYSE: WRB) announced today that its Board of Directors has declared a special cash dividend on its common stock of 50 cents per share to be paid on December 27, 2023 to stockholders of record at the close of business on December 18, 2023. Together with the 50 cents per share special dividend that was paid on January 24, 2023 and the 50 cents per share special dividend that was paid on October 4, 2023, this will bring special cash dividends paid during 2023 to $1.50 per share.
In addition, the Board of Directors has declared a regular quarterly cash dividend on its common stock of 11 cents per share to be paid on December 27, 2023 to stockholders of record at the close of business on December 18, 2023.
Including today’s announced special and regular quarterly cash dividends and all shares repurchased through September 30, 2023, total capital returned to shareholders during 2023 is approximately $932 million.
Founded in 1967, W. R. Berkley Corporation is an insurance holding company that is among the largest commercial lines writers in the United States and operates two segments of the property casualty insurance business: Insurance and Reinsurance & Monoline Excess. For further information about W. R. Berkley Corporation, please visit www.berkley.com.
Karen A. Horvath
Vice President – External Financial Communications
203-629-3000
Source: W. R. Berkley Corporation
FAQ
What is the special cash dividend declared by W. R. Berkley Corporation (NYSE: WRB)?
The special cash dividend declared by W. R. Berkley Corporation is 50 cents per share, bringing the total special cash dividends paid in 2023 to $1.50 per share.
What is the regular quarterly cash dividend declared by W. R. Berkley Corporation (NYSE: WRB)?
The regular quarterly cash dividend declared by W. R. Berkley Corporation is 11 cents per share.
What is the total capital returned to shareholders by W. R. Berkley Corporation (NYSE: WRB) in 2023?
The total capital returned to shareholders during 2023, including dividends and shares repurchased, is approximately $932 million.
w. r. berkley corporation, founded in 1967, is one of the nation’s premier commercial lines property casualty insurance providers. each of the operating units in the berkley group participates in a niche market requiring specialized knowledge about a territory or product. our competitive advantage lies in our long-term strategy of decentralized operations, allowing each of our units to identify and respond quickly and effectively to changing market conditions and local customer needs. this decentralized structure provides financial accountability and incentives to local management and enables us to attract and retain the highest caliber professionals. we have the expertise and resources to utilize our strengths in the present environment, and the flexibility to anticipate, innovate and respond to whatever opportunities and challenges the future may hold.
