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W. R. Berkley Corporation Increases Dividend 14%

^{Published on 2011-05-17 12:10:50 - Market Wire}
 

GREENWICH, Conn.--([ BUSINESS WIRE ])--W. R. Berkley Corporation (NYSE:WRB) announced today that its Board of Directors has voted to increase the cash dividend to an annual rate of 32 cents per share, representing a 14% increase from the present rate. The first quarterly dividend at the new rate of eight cents per share will be paid on July 1, 2011 to stockholders of record at the close of business on June 14, 2011.

Founded in 1967, W. R. Berkley Corporation is an insurance holding company that is among the largest commercial lines writers in the United States and operates in five segments of the property casualty insurance business: specialty insurance, regional property casualty insurance, alternative markets, reinsurance, and international.