Old Republic International Co. (NYSE:ORI – Get Free Report) announced an annual dividend on Friday, August 16th, NASDAQ reports. Shareholders of record on Friday, September 6th will be paid a dividend of 1.06 per share by the insurance provider on Monday, September 16th. This represents a yield of 3.05%. The ex-dividend date is Friday, September 6th.
Old Republic International has raised its dividend by an average of 5.3% annually over the last three years and has increased its dividend every year for the last 44 years. Old Republic International has a dividend payout ratio of 34.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Old Republic International to earn $2.95 per share next year, which means the company should continue to be able to cover its $1.06 annual dividend with an expected future payout ratio of 35.9%.
Old Republic International Trading Down 0.3 %
Shares of ORI stock opened at $35.77 on Wednesday. The stock’s fifty day simple moving average is $33.09 and its 200 day simple moving average is $31.21. Old Republic International has a twelve month low of $26.08 and a twelve month high of $36.06. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $9.72 billion, a P/E ratio of 13.92 and a beta of 0.83.
About Old Republic International
Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business.
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