Old Republic International Corporation (ORI) to Issue Quarterly Dividend of $0.19 on December 15th

Old Republic International Corporation (NYSE:ORI) declared a quarterly dividend on Wednesday, November 22nd, RTT News reports. Stockholders of record on Tuesday, December 5th will be given a dividend of 0.19 per share by the insurance provider on Friday, December 15th. This represents a $0.76 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Monday, December 4th.

Old Republic International has raised its dividend payment by an average of 1.4% per year over the last three years and has increased its dividend annually for the last 35 consecutive years. Old Republic International has a dividend payout ratio of 65.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Old Republic International to earn $1.55 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 49.0%.

Old Republic International (NYSE ORI) opened at $20.86 on Friday. The firm has a market capitalization of $5,503.01, a PE ratio of 17.10 and a beta of 1.37. Old Republic International has a 52 week low of $17.53 and a 52 week high of $21.19. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.32.

Old Republic International (NYSE:ORI) last released its quarterly earnings data on Thursday, October 26th. The insurance provider reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.06. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.52 billion. Old Republic International had a return on equity of 7.50% and a net margin of 6.45%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 EPS. sell-side analysts anticipate that Old Republic International will post 1.17 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on ORI shares. Zacks Investment Research raised Old Republic International from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Raymond James Financial raised Old Republic International from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from $23.00 to $25.00 in a research note on Monday, October 30th.

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About Old Republic International

Old Republic International Corporation is a holding company. The Company is engaged in business of insurance underwriting and related services. The Company conducts its operations through various regulated insurance company subsidiaries, which are organized into three segments: General Insurance Group, Title Insurance Group and the Republic Financial Indemnity Group (RFIG) Run-off Business.

Dividend History for Old Republic International (NYSE:ORI)

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