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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 declares special cash dividend of 50 cents per share and regular quarterly cash dividend of 11 cents per share. Total capital returned to shareholders in 2023 is approximately $772 million.
Positive
Special cash dividend of 50 cents per share
Regular quarterly cash dividend of 11 cents per share
Total capital returned to shareholders in 2023 is approximately $772 million
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 October 4, 2023 to stockholders of record at the close of business on September 25, 2023. Together with the 50 cents per share special dividend that was paid on January 24, 2023, this will bring special cash dividends paid during 2023 to $1.00 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 October 4, 2023 to stockholders of record at the close of business on September 25, 2023.
Including today’s announced special and regular quarterly cash dividends and all shares repurchased through June 30, 2023, total capital returned to shareholders during 2023 is approximately $772 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.
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.
