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No. of Recommendations: 2
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.

http://news.morningstar.com/all/ViewNews.aspx?article=/BW/BW...
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