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.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool owns shares of W.R. Berkley. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.