Benzinga | Jun 23, 2021 10:28AM EDT

Ex-Dividend Date Insight: WR Berkley

On June 15, 2021, WR Berkley (NYSE:WRB) declared a dividend payable on July 6, 2021 to its shareholders. WR Berkley also announced that shareholders on the company's books on or before June 25, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. WR Berkley, whose current dividend payout is $0.13, has an ex-dividend date set at June 24, 2021. The payout equates to a dividend yield of 0.69% at current price levels.

What Is An Ex-Dividend Date?

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

WR Berkley's Dividend History

Over the past year, WR Berkley has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on September 14, 2020 the company's payout was $0.12, which has since grown by $0.01. WR Berkley's dividend yield last year was 0.77%, which has since decreased by 0.08%.

Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

Click here to find details on WR Berkley's previous dividends.