2007'02.11.Sun
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 +441-295-8585 (outside the United States) or e-mail to IRINFO@wpstewart.com . Contact: Fred M. Ryan W.P. Stewart Investor Relations, Tel: +1-888-695-4092, or +1-441-295-8585, Email: IRINFO@wpstewart.com SOURCE W.P. Stewart & Co., Ltd.
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