Old Republic International Co. (ORI) to Issue Quarterly Dividend of $0.20
Old Republic International Co. (NYSE:ORI) declared a quarterly dividend on Wednesday, November 21st, RTT News reports. Shareholders of record on Tuesday, December 4th will be given a dividend of 0.195 per share by the insurance provider on Friday, December 14th. This represents a $0.78 annualized dividend and a yield of 3.62%.
Old Republic International has raised its dividend payment by an average of 1.4% annually over the last three years and has increased its dividend annually for the last 36 consecutive years. Old Republic International has a dividend payout ratio of 44.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Old Republic International to earn $1.85 per share next year, which means the company should continue to be able to cover its $0.78 annual dividend with an expected future payout ratio of 42.2%.
ORI opened at $21.57 on Wednesday. The company has a market cap of $6.60 billion, a price-to-earnings ratio of 19.43 and a beta of 1.06. Old Republic International has a 52 week low of $19.48 and a 52 week high of $23.05. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.18.
Separately, Zacks Investment Research raised Old Republic International from a “hold” rating to a “strong-buy” rating and set a $25.00 price target on the stock in a research report on Thursday, November 1st.
Old Republic International Company Profile
Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. The company operates through three segments: General Insurance Group, Title Insurance Group, and the Republic Financial Indemnity Group Run-off Business.
See Also: How to Invest in an Index Fund
Receive News & Ratings for Old Republic International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Republic International and related companies with MarketBeat.com's FREE daily email newsletter.