W. R. Berkley Corporation Declares Special Dividend, Increases Regular Quarterly Cash Dividend 9.1% and Announces 3-For-2 Stock Split
12 Junio 2024 - 3:15PM
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 June 28, 2024
to stockholders of record at the close of business on June 24,
2024.
In addition, its Board of Directors has voted to increase the
regular cash dividend to an annual rate of 48 cents per share,
representing a 9.1% increase from the present rate. The first
regular quarterly dividend at the new rate of 12 cents per share
will be paid on June 28, 2024 to stockholders of record at the
close of business on June 24, 2024.
The Board of Directors has also approved a 3-for-2 common stock
split to be paid in the form of a stock dividend to holders of
record on June 24, 2024. The additional shares are expected to be
issued on July 10, 2024. The special and regular quarterly cash
dividends referred to above are on the pre-split common stock.
At April 29, 2024, W. R. Berkley Corporation had 255,662,277
shares of common stock outstanding.
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/20240612415882/en/
Karen A. Horvath Vice President – External Financial
Communications 203-629-3000
WR Berkley (NYSE:WRB)
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