W.R. Berkley (WRB) Raises Quarterly Dividend 9.1% to $0.12; Raises Buyback to 10M Common Shares

(Updated - June 2, 2015 3:15 PM EDT)

W.R. Berkley (NYSE: WRB) declared a quarterly dividend of $0.12 per share, or $0.48 annualized. This is a 9.1% increase from the prior dividend of $0.11.

The dividend will be payable on July 1, 2015, to stockholders of record on June 15, 2015, with an ex-dividend date of June 11, 2015.

The annual yield on the dividend is 1 percent.

In addition, the Board of Directors has increased the Company's share repurchase authorization to its previous level of 10 million shares of common stock. The 10 million share repurchase authorization represents approximately 8% of the Company's shares outstanding at March 31, 2015. Repurchases may be made by the Company from time to time at prevailing prices in the open market or in privately negotiated transactions, subject to market conditions and other factors.

For a dividend history and other dividend-related data on W.R. Berkley (WRB) click here.

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