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

by · The Markets Daily

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

W.R. Berkley has increased its dividend payment by an average of 0.5%per year over the last three years and has increased its dividend every year for the last 23 years. W.R. Berkley has a payout ratio of 8.4% indicating that 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 Performance

Shares of WRB stock opened at $70.01 on Friday. The company has a market cap of $25.99 billion, a P/E ratio of 14.38, a PEG ratio of 1.74 and a beta of 0.28. The business has a 50 day moving average of $71.00 and a two-hundred day moving average of $68.76. W.R. Berkley has a 52 week low of $62.87 and a 52 week high of $78.96. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.29.

W.R. Berkley (NYSE:WRB – Get Free Report) last announced its quarterly earnings results on Monday, July 20th. The insurance provider reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.19. W.R. Berkley had a return on equity of 19.44% and a net margin of 12.94%.The business had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the prior year, the firm earned $1.05 EPS. The business’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, analysts anticipate that W.R. Berkley will post 4.87 EPS for the current year.

About W.R. Berkley

(Get Free Report)

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.

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