W. R. Berkley Hikes Dividend By 10% And Boosts Share Buyback Program
Portfolio Pulse from Lekha Gupta
W.R. Berkley Corp (NYSE:WRB) has increased its annual dividend by 10% to $0.44 per share and authorized a new share buyback program of 15 million shares. The company returned $293.8 million to shareholders in Q1 2023 and had cash and cash equivalents of $1.84 billion as of March 31, 2023.
June 15, 2023 | 9:34 am
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W.R. Berkley increased its annual dividend by 10% and authorized a new share buyback program of 15 million shares, potentially boosting shareholder value.
The increase in dividend and the new share buyback program indicate a strong financial position for W.R. Berkley. This is likely to boost shareholder value and attract more investors, leading to a positive short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100