Investors Title Company (NASDAQ:ITIC) Announces Quarterly Dividend of $0.46

Investors Title Company (NASDAQ:ITIC) announced a quarterly dividend on Monday, March 9th. Investors of record on Monday, March 23rd will be given a dividend of 0.46 per share by the insurance provider on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, March 23rd.

Investors Title has decreased its dividend by an average of 0.1%annually over the last three years.

Investors Title Stock Performance

NASDAQ ITIC opened at $224.49 on Tuesday. The company has a market capitalization of $424.29 million, a PE ratio of 12.09 and a beta of 0.67. The company has a 50-day simple moving average of $249.52 and a 200 day simple moving average of $256.35. Investors Title has a 52-week low of $190.20 and a 52-week high of $288.98.

Investors Title (NASDAQ:ITIC) last posted its earnings results on Tuesday, February 17th. The insurance provider reported $3.97 earnings per share for the quarter. The business had revenue of $69.52 million during the quarter. Investors Title had a return on equity of 13.22% and a net margin of 12.90%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Investors Title in a research report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Investors Title Company Profile

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. It offers services in connection with tax-deferred exchanges of like-kind property; acts as a qualified intermediary in tax-deferred exchanges of property; coordinates the exchange aspects of the real estate transaction, such as drafting standard exchange documents, holding the exchange funds between the sale of the old property and the purchase of the new property, and accepting the formal identification of the replacement property.