Old Republic International Corporation (NYSE:ORI) to Issue $0.29 Quarterly Dividend

Old Republic International Corporation (NYSE:ORI) announced a quarterly dividend on Tuesday, November 25th. Shareholders of record on Friday, December 5th will be given a dividend of 0.29 per share by the insurance provider on Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, December 5th.

Old Republic International has decreased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 45 consecutive years. Old Republic International has a dividend payout ratio of 33.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Old Republic International to earn $3.33 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 34.8%.

Old Republic International Price Performance

Shares of NYSE ORI traded up $0.67 during trading on Tuesday, hitting $46.29. 1,248,010 shares of the company were exchanged, compared to its average volume of 1,392,329. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.64 and a quick ratio of 0.25. Old Republic International has a 1 year low of $33.00 and a 1 year high of $46.49. The company has a market cap of $11.45 billion, a price-to-earnings ratio of 15.48 and a beta of 0.79. The firm’s fifty day moving average price is $41.91 and its 200 day moving average price is $39.34.

Old Republic International (NYSE:ORI) last announced its quarterly earnings data on Friday, October 24th. The insurance provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.73 by $0.05. Old Republic International had a net margin of 9.53% and a return on equity of 17.11%. The firm had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.28 billion. On average, sell-side analysts expect that Old Republic International will post 3.17 earnings per share for the current fiscal year.

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. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business.