filings.toolsItem 5. MARKET FOR THE REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
3K characters. Original on sec.gov · Markdown
Item 5. MARKET FOR THE REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
In 2021, the Board declared regular quarterly cash dividends of $0.12 per share in the first quarter, and $0.13 per share in each of the remaining three quarters, and special dividends of $0.50 per share in the second quarter and $1.00 per share in the fourth quarter. Subject to availability, the Board currently expects to continue such regular quarterly cash dividends.
The approximate number of record holders of the common stock on February 17, 2022 was 302.
The chart below shows a comparison of 5 year cumulative total return.
Comparison of 5 Year Cumulative Total Return
Assumes initial investment of $100 on January 1, 2016, with dividends reinvested.
The S&P 500® Property and Casualty Insurance Index consists of Allstate Corporation, Chubb, Ltd., Cincinnati Financial Corporation, Progressive Corporation, The Travelers Companies, Inc., and W. R. Berkley Corporation (added Dec. 2019).
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | ||||||||||||||||||
| W. R. Berkley Corporation | Cum $ | 100.00 | 110.18 | 115.26 | 165.78 | 160.56 | 204.45 | ||||||||||||||||
| S&P 500 Index - Total Returns | Cum $ | 100.00 | 121.83 | 116.48 | 153.15 | 181.30 | 233.29 | ||||||||||||||||
| S&P 500 Property and Casualty Insurance Index | Cum $ | 100.00 | 122.39 | 116.64 | 146.82 | 156.12 | 183.45 |
Set forth below is a summary of the shares repurchased by the Company during the fourth quarter of 2021 and the remaining number of shares authorized for purchase by the Company during such period.
| Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Maximum Number of Shares that may yet be Purchased Under the Plans or Programs | ||||||||||||||||||||
| October 2021 | — | — | — | 4,982,103 | |||||||||||||||||||
| November 2021 (1) | — | — | — | 10,000,000 | |||||||||||||||||||
| December 2021 | — | — | — | 10,000,000 |
(1) The Company's repurchase authorization was increased to 10,000,000 shares on November 5, 2021.
Previous: Item 4. MINE SAFETY DISCLOSURES · Next: Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS