Investors Title (ITIC) To Go Ex-Dividend on March 24th

Investors Title (NASDAQ:ITIC) announced a quarterly dividend on Monday, March 10th, Wall Street Journal reports. Investors of record on Monday, March 24th will be paid a dividend of 0.46 per share by the insurance provider on Monday, March 31st. This represents a $1.84 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Monday, March 24th.

Investors Title has increased its dividend payment by an average of 0.4% per year over the last three years.

Investors Title Stock Down 2.1 %

NASDAQ:ITIC opened at $237.43 on Friday. The company has a market cap of $447.32 million, a P/E ratio of 14.45 and a beta of 0.97. Investors Title has a fifty-two week low of $146.41 and a fifty-two week high of $290.40. The firm’s 50 day moving average is $230.64 and its two-hundred day moving average is $239.30.

Investors Title (NASDAQ:ITIC) last posted its quarterly earnings results on Thursday, February 13th. The insurance provider reported $4.41 earnings per share for the quarter. The company had revenue of $70.63 million for the quarter. Investors Title had a net margin of 12.03% and a return on equity of 11.84%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Investors Title from a “hold” rating to a “buy” rating in a research note on Saturday.

About Investors Title

Investors Title Company engages in the issuance of residential and commercial title insurance for residential, institutional, commercial, and industrial properties. The company underwrites land title insurance for owners and mortgagees as a primary insurer; and assumes the reinsurance of title insurance risks from other title insurance companies.