W. R. Berkley Corporation Increases Regular Quarterly Dividend and Declares Special Cash Dividend
June 15 2022 - 4:19PM
Business Wire
W. R. Berkley Corporation (NYSE: WRB) announced today
that its Board of Directors has voted to increase the regular cash
dividend to an annual rate of 40 cents per share, representing a
15.3% increase from the present rate. The first regular quarterly
cash dividend at the new rate of 10 cents per share will be paid on
July 7, 2022 to stockholders of record at the close of business on
June 27, 2022. The per share dividend amounts above reflect the
3-for-2 common stock split effected on March 23, 2022.
In addition, the Board of Directors has declared a special cash
dividend on its common stock of 50 cents per share to be paid on
July 7, 2022 to stockholders of record at the close of business on
June 27, 2022.
Including today’s announced special and ordinary dividends,
total capital returned to shareholders during 2022 is approximately
$182 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 worldwide in 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20220615006084/en/
Karen A. Horvath Vice President – External Financial
Communications 203-629-3000
WR Berkley (NYSE:WRB)
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