W.R. Berkley Corporation (WRB) To Go Ex-Dividend on September 21st

W.R. Berkley Corporation (NYSE:WRB) announced a quarterly dividend on Thursday, September 10th. Stockholders 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) 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%per year over the last three years and has increased its dividend annually for the last 23 consecutive years. W.R. Berkley has a payout ratio of 8.4% indicating that its dividend is sufficiently covered by earnings. Equities 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 Down 0.3%

WRB stock opened at $69.89 on Friday. W.R. Berkley has a twelve month low of $62.87 and a twelve month 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. The stock’s 50 day moving average is $70.85 and its 200-day moving average is $68.73. The firm has a market capitalization of $25.95 billion, a PE ratio of 14.35, a P/E/G ratio of 1.74 and a beta of 0.28.

W.R. Berkley (NYSE:WRB) last released its quarterly earnings results on Monday, July 20th. The insurance provider reported $1.27 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $3.28 billion. During the same period in the prior year, the firm posted $1.05 EPS. W.R. Berkley’s quarterly revenue was up 2.4% compared to the same quarter last year. Sell-side analysts expect that W.R. Berkley will post 4.87 EPS for the current fiscal year.

W.R. Berkley Company Profile

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.