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 60 cents per share, representing a 7.1% increase from the present rate. The first quarterly dividend at the new rate of 15 cents per share will be paid on July 5, 2018 to stockholders of record at the close of business on June 15, 2018.
In addition, the Board of Directors has declared a special cash dividend on its common stock of 50 cents per share to be paid on June 18, 2018 to stockholders of record at the close of business on June 11, 2018.
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 worldwide in two segments of the property casualty insurance business: Insurance and Reinsurance. For further information about W. R. Berkley Corporation, please visit www.wrberkley.com.