Stewart Information Services Corporation (STC) to Distribute Quarterly Dividend of $0.55 on September 30th

Stewart Information Services Corporation (NYSE:STC) announced a quarterly dividend on Monday, August 31st. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.55 per share by the insurance provider on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, September 15th. This is a 4.8% increase from Stewart Information Services’s previous quarterly dividend of $0.53.

Stewart Information Services has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Stewart Information Services has a dividend payout ratio of 34.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Stewart Information Services to earn $6.25 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 35.2%.

Stewart Information Services Stock Down 0.1%

Shares of NYSE STC opened at $66.47 on Friday. The stock has a market capitalization of $2.03 billion, a P/E ratio of 14.58 and a beta of 0.97. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.98. Stewart Information Services has a one year low of $57.10 and a one year high of $78.61. The firm’s 50 day simple moving average is $68.40 and its two-hundred day simple moving average is $66.78.

Stewart Information Services (NYSE:STC) last announced its quarterly earnings data on Wednesday, July 22nd. The insurance provider reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.24). The company had revenue of $895.80 million for the quarter, compared to the consensus estimate of $838.07 million. Stewart Information Services had a net margin of 4.12% and a return on equity of 10.02%. The firm’s quarterly revenue was up 24.5% compared to the same quarter last year. During the same period last year, the business posted $1.34 earnings per share. As a group, analysts expect that Stewart Information Services will post 5.26 EPS for the current fiscal year.

Stewart Information Services Company Profile

Stewart Information Services Corporation is a title insurance and real estate services company headquartered in Houston, Texas. Through its Stewart Title operations, the company provides title insurance, escrow and closing services, and related services that help protect property buyers, lenders and other participants in real estate transactions from title defects and ownership-related risks.

The company also offers valuation and appraisal services, mortgage services, and technology-enabled solutions for the real estate and mortgage industries.