W.R. Berkley Corporation (NYSE:WRB) Declares Quarterly Dividend of $0.09

W.R. Berkley Corporation (NYSE:WRB) declared a quarterly dividend on Friday, December 5th. Investors of record on Monday, December 15th will be paid a dividend of 0.09 per share by the insurance provider on Monday, December 29th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 15th.

W.R. Berkley has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 23 years. W.R. Berkley has a dividend payout ratio of 7.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect W.R. Berkley to earn $4.71 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 7.6%.

W.R. Berkley Trading Down 0.1%

WRB stock traded down $0.07 on Friday, reaching $69.27. The company’s stock had a trading volume of 4,040,496 shares, compared to its average volume of 3,371,777. The firm has a market cap of $26.33 billion, a PE ratio of 14.55, a PEG ratio of 2.65 and a beta of 0.37. The business has a fifty day simple moving average of $74.54 and a two-hundred day simple moving average of $72.84. W.R. Berkley has a 12-month low of $55.97 and a 12-month high of $78.96. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.37 and a current ratio of 0.37.

W.R. Berkley (NYSE:WRB) last issued its quarterly earnings data on Monday, October 20th. The insurance provider reported $1.10 EPS for the quarter, topping the consensus estimate of $1.07 by $0.03. W.R. Berkley had a net margin of 13.01% and a return on equity of 18.86%. The business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same period in the prior year, the business earned $0.93 EPS. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. As a group, research analysts forecast that W.R. Berkley will post 4.33 EPS for the current year.

W.R. Berkley Company Profile

W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writers worldwide. It operates in two segments, Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance business, including excess and surplus lines, admitted lines, and specialty personal lines.