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.
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.
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