W.P. Stewart & Co., Ltd. Declares Quarterly Dividend

W.P. Stewart & Co., Ltd. Declares Quarterly Dividend

October 04, 2006

    HAMILTON, Bermuda, Oct. 4 /Xinhua-PRNewswire/ -- W.P.
Stewart & Co., Ltd. ("W.P. Stewart" or the
"Company") announced today that it has declared a
regular quarterly dividend of US$0.23 per common share.  The
dividend is payable on 27 October 2006 to shareholders of
record as of 13 October 2006.

    As noted in an earlier press release, the Board of
Directors (the "Board"), in reviewing the
Company's dividend policy, recently confirmed the Company's
long-standing commitment to pay dividends in amounts that
represent substantially all cash earnings.  Based on
current assumptions, and anticipated cash earnings over the
next 12 months, the Company believes that the level of
dividend announced today should be sustainable for the next
several quarters.  But, as always, the appropriateness of
any dividend for any future quarter will be reviewed by the
Board at the time of declaration of that dividend in light
of circumstances at that time.

    W.P. Stewart is an asset management company that has
provided 
research-intensive equity management services to clients
throughout the world since 1975.  The Company is
headquartered in Hamilton, Bermuda and has additional
operations or affiliates in the United States, Europe and
Asia.

    The Company's shares are listed for trading on the New
York Stock Exchange (NYSE: WPL) and on the Bermuda Stock
Exchange (BSX: WPS).

    For more information, please visit the Company's
website at http://www.wpstewart.com, or call W.P. Stewart
Investor Relations (Fred M. Ryan) at 1-888-695-4092
(toll-free within the United States) or [phone]
(outside the United States) or e-mail to
[e-mail] .

    Contact:

     Fred M. Ryan 
     W.P. Stewart Investor Relations, 
     Tel:   [phone], or [phone], 
     Email: [e-mail]

SOURCE  W.P. Stewart & Co., Ltd.