W.R. Berkley Raises Dividend 11%

Insurance holding company has made payouts to investors since 1997.

By Rich Duprey – May 22, 2013 at 11:05AM EST

Insurance holding company W.R. Berkley (WRB 0.80%) announced yesterday its second-quarter dividend of $0.10 per share, an 11% increase over the $0.09 per share it paid last quarter.

The board of directors said the quarterly dividend is payable on July 2 to the holders of record at the close of business on June 11. W.R. Berkley has paid quarterly dividends since 1997. It paid a special dividend of $1.00 per share in December 2012.

The regular dividend payment equates to a $0.40-per-share annual dividend yielding 1% based on the closing price of W.R. Berkley's stock on May 21.

WRB Dividend data by YCharts. Chart does not reflect just-announced dividend increase, does show special dividend paid Dec. 31, 2012.

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Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time. Having made the streets safe for Truth, Justice, and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. His coverage reflects his passion for motorcycles, booze, and guns (though not enjoyed all at the same time...usually), but his writing also covers the broader sectors of consumer goods, technology, and industrials. So follow along as he tries to break down complex topics to make them more understandable and useful to the average investor. Have a story idea? Contact Rich here. I may not be able to respond to every suggestion, but I do read them all! Does an article needs a correction? Reach Rich here.

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W.R. Berkley Raises Dividend 11%

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