W. R. Berkley Corporation Declares Special and Regular Quarterly Cash Dividends
November 05 2021 - 4:28PM
Business Wire
Increases Share
Repurchase Authorization
W. R. Berkley Corporation (NYSE: WRB) announced today
that its Board of Directors has declared a special cash dividend on
its common stock of $1.00 per share to be paid on December 22, 2021
to stockholders of record at the close of business on December 7,
2021. Together with the 50 cents per share special dividend that
was paid on July 6, 2021, this will bring special dividends paid
during 2021 to $1.50 per share.
In addition, the Board of Directors has declared a regular
quarterly cash dividend on its common stock of 13 cents per share
to be paid on December 22, 2021 to stockholders of record at the
close of business on December 7, 2021.
Including all special and ordinary dividends declared to date in
2021 and all shares repurchased through September, 30, 2021, total
capital returned to shareholders during 2021 is approximately $478
million.
Further, the Board of Directors has increased the Company’s
share repurchase authorization back to its previous level of 10
million shares of common stock. The 10 million share repurchase
authorization represents approximately 6 percent of the Company’s
shares outstanding at September 30, 2021. Repurchases may be made
from time to time at prevailing prices in the open market or in
privately negotiated transactions, subject to market conditions and
other factors.
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/20211105005833/en/
Karen A. Horvath Vice President – External Financial
Communications 203-629-3000
WR Berkley (NYSE:WRB)
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