Insurance holding company W.R. Berkley 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.
The article W.R. Berkley Raises Dividend 11% originally appeared on Fool.com.
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