W. R. Berkley Corporation Announces 3-for-2 Stock Split and Declares Regular Quarterly Dividend

Rhea-AI Summary

W. R. Berkley Corporation (NYSE: WRB) has approved a 3-for-2 stock split as a stock dividend for shareholders of record on March 9, 2022, with shares issued on March 23, 2022. Additionally, the Board declared a quarterly cash dividend of 13 cents per share, also payable on March 23, 2022. As of February 17, 2022, the company had 176,790,914 shares outstanding. Founded in 1967, W. R. Berkley is a leading insurance holding company in the U.S. and operates globally in property casualty insurance.

Positive

• 3-for-2 stock split approved, enhancing liquidity for shareholders.
• Quarterly cash dividend of 13 cents per share, reflecting company confidence.

Negative

• None.

GREENWICH, Conn.--(BUSINESS WIRE)-- W. R. Berkley Corporation (NYSE: WRB) announced today that its Board of Directors has approved a 3-for-2 common stock split to be paid in the form of a stock dividend to holders of record on March 9, 2022. The additional shares are expected to be issued on March 23, 2022 (immediately subsequent to the payment of the regular quarterly cash dividend referred to below).

The Board of Directors has also declared a regular quarterly cash dividend on its pre-split common stock of 13 cents per share, also to be paid on March 23, 2022 to stockholders of record at the close of business on March 9, 2022.

At February 17, 2022, W. R. Berkley Corporation had 176,790,914 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220225005467/en/

Karen A. Horvath

Vice President – External Financial Communications

203-629-3000

Source: W. R. Berkley Corporation

FAQ

What is the dividend amount declared by W. R. Berkley Corporation for March 2022?

W. R. Berkley Corporation declared a quarterly cash dividend of 13 cents per share.

When will the stock split for W. R. Berkley Corporation take effect?

The 3-for-2 stock split will be effective for shareholders of record on March 9, 2022, with shares issued on March 23, 2022.

How many shares of common stock did W. R. Berkley Corporation have outstanding as of February 17, 2022?

As of February 17, 2022, W. R. Berkley Corporation had 176,790,914 shares of common stock outstanding.

What is the significance of the stock split for W. R. Berkley Corporation?

The 3-for-2 stock split enhances liquidity for shareholders by increasing the number of shares available.

Is the dividend from W. R. Berkley Corporation sustainable?

The dividend amount reflects company confidence but ongoing sustainability depends on future financial performance.