W. R. Berkley Corporation Increases Regular Quarterly Dividend and Declares Special Cash Dividend

Rhea-AI Summary

W. R. Berkley Corporation (NYSE: WRB) announced a 15.3% increase in its annual cash dividend to 40 cents per share, with the first quarterly payment of 10 cents due on July 7, 2022 for stockholders on record as of June 27, 2022. Additionally, a special cash dividend of 50 cents per share will also be paid on the same date. This will bring total capital returned to shareholders in 2022 to approximately $182 million.

Positive

• 15.3% increase in annual dividend to 40 cents per share.
• 50 cents special cash dividend declared.
• Total capital returned to shareholders in 2022 is approximately $182 million.

Negative

• None.

GREENWICH, Conn.--(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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220615006084/en/

Karen A. Horvath

Vice President – External

Financial Communications

203-629-3000

Source: W. R. Berkley Corporation

FAQ

What is the new dividend amount for WRB?

The new annual dividend for WRB is 40 cents per share.

When will the new dividend be paid to shareholders of WRB?

The new dividend will be paid on July 7, 2022.

What is the total capital returned to WRB shareholders in 2022?

The total capital returned to shareholders during 2022 is approximately $182 million.

What is the amount of the special dividend declared by WRB?

The special cash dividend declared by WRB is 50 cents per share.

Who are the stockholders of record for WRB's dividends?

Stockholders of record for WRB's dividends are those on record at the close of business on June 27, 2022.