W.R. Berkley Corporation Declares Quarterly Dividend of $0.10 (NYSE:WRB)

W.R. Berkley Corporation (NYSE:WRB) declared a quarterly dividend on Thursday, September 10th. Stockholders of record on Monday, September 21st will be given a dividend of 0.10 per share by the insurance provider on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Monday, September 21st.

W.R. Berkley has increased its dividend payment by an average of 0.5%annually over the last three years and has increased its dividend annually for the last 23 consecutive years. W.R. Berkley has a dividend payout ratio of 8.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect W.R. Berkley to earn $4.82 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 8.3%.

W.R. Berkley Stock Up 0.1%

WRB opened at $70.01 on Friday. W.R. Berkley has a 1 year low of $62.87 and a 1 year high of $78.96. The firm has a 50 day moving average price of $71.00 and a 200 day moving average price of $68.76. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.37 and a current ratio of 0.37. The company has a market cap of $25.99 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 1.74 and a beta of 0.28.

W.R. Berkley (NYSE:WRB) last announced its quarterly earnings results on Monday, July 20th. The insurance provider reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.19. W.R. Berkley had a net margin of 12.94% and a return on equity of 19.44%. The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the previous year, the company posted $1.05 earnings per share. W.R. Berkley’s revenue was up 2.4% compared to the same quarter last year. Sell-side analysts expect that W.R. Berkley will post 4.87 earnings per share for the current year.

About W.R. Berkley

W.R. Berkley Corporation (NYSE: WRB) is an insurance holding company that operates through a group of property and casualty insurance businesses. The company provides commercial insurance and reinsurance products for businesses, organizations and other insurance companies, with an emphasis on specialty and complex risks.

Its offerings include commercial property and casualty coverage, excess and surplus lines, professional liability, workers’ compensation, commercial automobile insurance, marine insurance and other specialty products.