WRB-F · W.R. Berkley Corp., 5.10% Subordinated Debentures due 2059, cumulative · dividend, yield to call and par
Summary
WRB-F is a cumulative preferred of W.R. Berkley Corporation. Par is $25.00. The coupon is 5.10%, fixed, paid as $0.3190 a quarter. It has been callable since Dec 2024. At 30% below par, a call is unlikely, so the main risk is interest rates. The issuer is an operating company rated investment grade. The score is 6.8, Good.
4 payments a year. 21 paid since 2021, the amount varies.
Payments ↓The issuer can redeem at $25.00 at any time, which would hand a holder a 44% gain. Issuers call paper that is dear, not cheap. The risk here is rates, not the call.
Price history ↓5.10% of $25 for as long as the shares are outstanding. A cumulative dividend: a missed payment is still owed.
Questions ↓Preferred equity, senior to the common and below every note and bond. The credit pillar is the weakest of four.
How the score works →| Ex-date | Pay date | Amount | Change | Note |
|---|---|---|---|---|
| Dec 15, 2026 | 12/30/26 | $0.3190 | 0.0% | estimated from the coupon |
| Sep 15, 2026 | 09/30/26 | $0.3190 | +0.1% | paid |
| Jun 15, 2026 | 06/30/26 | $0.3187 | 0.0% | paid |
| Mar 13, 2026 | 03/30/26 | $0.3187 | 0.0% | paid |
How it stacks up · similar preferreds
All baby bonds| Security | Current yield | Coupon | Credit quality | Call date | IQS |
|---|---|---|---|---|---|
| WRB-F this pageW.R. Berkley Corp., 5.10% Subordinated Debentures due 2059 | 7.33% | 5.1% | Investment grade | Callable now | 6.8 |
| MS-EMorgan Stanley 7.125% Series E Fixed-to-Floating Preferred | 7.27% | 7.283% | Investment grade | Callable now | 6.2 |
| CMSCCMS Energy Corp., 5.875% Junior Subordinated Notes due 10/15/2078 | 7.21% | 5.875% | Investment grade | Callable now | 7.1 |
| T-CAT&T, Inc. 4.75% Depositary Shares Perpetual Preferred Stock, Series C | 7.58% | 4.75% | Investment grade | None | 7.9 |
| PSA-GPublic Storage, 5.05% Depositary Shares Cumulative Preferred Share Series G | 7.03% | 5.05% | Investment grade | None | 8.9 |
Chosen from the 29 preferreds with open records: other issuers only, the same credit quality first, then the closest current yield. Mandatory convertibles are matched only with each other.
Questions about WRB-F
How much does WRB-F pay, and how often?
WRB-F pays $1.28 a share a year. That is 5.1% of the $25.00 face value. At the November 9 close of $17.40, it is a 7.33% current yield.
When is WRB-F’s next ex-dividend date?
December 15, 2026, with payment on December 30. The date is projected from the payment cycle. W.R. Berkley Corporation has not declared it yet.
Are WRB-F’s payments qualified dividends?
No. WRB-F is a bond, so it pays interest, which is taxed as ordinary income.
Can WRB-F be called?
Yes. The first call date was December 30, 2024, so W.R. Berkley Corporation can redeem the shares at $25.00 at any time. The shares trade at $17.40, 30% below that price.
Does WRB-F have a maturity date?
Yes. W.R. Berkley Corporation must repay the $25.00 on December 30, 2059.
What is WRB-F’s credit quality?
Investment grade. YieldDesk shows credit quality as Investment grade, High yield or Not rated.
What is WRB-F’s Income Quality Score?
WRB-F scores 6.8 out of 10, in the Good tier, computed on November 9, 2026 from filings and market data. The score weighs four pillars: coverage and protection, credit, buyback economics, and structure. Credit is the lowest, at 5.5. The methodology page explains each pillar.
Payments from issuer declarations; terms from the prospectus on SEC EDGAR; price from licensed market data, delayed 15 minutes. Credit quality shows Investment grade, High yield or Not rated. The Income Quality Score is computed from filings and market data; the methodology page lists each class’s pillars. IQS describes a security. It is not investment advice or a recommendation to buy, sell or hold.
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