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Ex-Dividend Reminder: Berkley, Broadridge Financial Solutions and Merchants Bancorp

By Dividend Channel Staff, Friday, September 10, 10:30 AM ET
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On 9/14/21, Berkley Corp (NYSE:WRB), Broadridge Financial Solutions (NYSE:BR), and Merchants Bancorp (Indiana) (NASDAQ:MBIN) will all trade ex-dividend for their respective upcoming dividends. Berkley Corp will pay its quarterly dividend of $0.13 on 9/29/21, Broadridge Financial Solutions will pay its quarterly dividend of $0.64 on 10/5/21, and Merchants Bancorp (Indiana) will pay its quarterly dividend of $0.09 on 10/1/21.

As a percentage of WRB's recent stock price of $73.00, this dividend works out to approximately 0.18%, so look for shares of Berkley Corp to trade 0.18% lower — all else being equal — when WRB shares open for trading on 9/14/21. Similarly, investors should look for BR to open 0.37% lower in price and for MBIN to open 0.25% lower, all else being equal.

Below are dividend history charts for WRB, BR, and MBIN, showing historical dividends prior to the most recent ones declared.

Berkley Corp (NYSE:WRB):

Broadridge Financial Solutions (NYSE:BR):

Merchants Bancorp (Indiana) (NASDAQ:MBIN):

In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 0.71% for Berkley Corp, 1.50% for Broadridge Financial Solutions, and 0.99% for Merchants Bancorp (Indiana).


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In Friday trading, Berkley Corp shares are currently off about 0.1%, Broadridge Financial Solutions shares are up about 0.2%, and Merchants Bancorp (Indiana) shares are up about 0.8% on the day.


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