WR Berkley Stock To Go Ex-dividend Tomorrow (WRB)

NEW YORK ( TheStreet) -- The ex-dividend date for WR Berkley (NYSE: WRB) is tomorrow, June 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $38.16 as of 9:30 a.m. ET, the dividend yield is 0.9%.

The average volume for WR Berkley has been 676,400 shares per day over the past 30 days. WR Berkley has a market cap of $5.16 billion and is part of the financial sector and insurance industry. Shares are up 8.5% year to date as of the close of trading on Wednesday.

W. R. Berkley Corporation, an insurance holding company, operates as commercial lines writers in the property casualty insurance business primarily in the United States. The company operates in five segments: Specialty, Regional, Alternative Markets, Reinsurance, and International. The company has a P/E ratio of 13, below the average insurance industry P/E ratio of 13.1 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates WR Berkley as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full WR Berkley Ratings Report.

See our dividend calendar or top-yielding stocks list.
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