W. R. Berkley Corporation Declares A Special Cash Dividend On Its Common Stock Of $0.50 Per Share To Be Paid On December 27, 2023 To Stockholders Of Record At The Close Of Business On December 18, 2023
Portfolio Pulse from Benzinga Newsdesk
W. R. Berkley Corporation (NYSE:WRB) has declared a special cash dividend of $0.50 per share, payable on December 27, 2023, to shareholders of record as of December 18, 2023. This brings the total special dividends in 2023 to $1.50 per share. Additionally, a regular quarterly dividend of $0.11 per share will be paid on the same date. The total capital returned to shareholders in 2023, including dividends and share repurchases, is approximately $932 million.
December 08, 2023 | 9:16 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
W. R. Berkley Corporation has declared a special cash dividend of $0.50 per share and a regular dividend of $0.11 per share, both payable on December 27, 2023. The company has returned a total of approximately $932 million to shareholders in 2023.
The declaration of a special dividend typically indicates a company's strong financial position and commitment to returning value to shareholders, which can be viewed positively by the market. The substantial total capital return of $932 million also reflects positively on the company's shareholder value practices. This news is likely to be well-received by investors, potentially leading to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100