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Stocks B / Berkshire Hathaway


Subject:  OT W.R.Berkley Special Dividend Date:  8/9/2018  2:11 PM
Author:  rnam Number:  238086 of 256657

W.R. Berkeley again announced semi-annual special dividends of $0.50/share, in addition to the regular annual dividend of $0.60/share. This is the third year that they have done that.

Management probably doesn't think shares are trading at a discount to IV, so issue special dividends instead. With shares trading above PB of 1.7, they are probably right.
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