W. R. Berkley (WRB) Declares $0.07 Quarterly Dividend; 1% Yield; Increases Stock Buyback to 10M Common

W. R. Berkley Corporation (NYSE: WRB) announced that its Board of Directors has declared a regular quarterly cash dividend on its common stock of $0.07 per share, $0.28 annualized. The dividend is to be paid on October 1, 2010 to stockholders of record at the close of business on September 10, 2010. The ex-dividend date is September 8, 2010. Yield on the dividend is 1%. In addition, the Board of Directors has increased the Company’s share repurchase authorization to 10 million shares of common stock. The increased authorization represents approximately 7 percent of the Company’s shares outstanding at June 30, 2010. Repurchases may be made from time to time at prevailing prices in the open market or in privately negotiated transactions, subject to market conditions and other factors.... Read more

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