Old Republic International Corporation (NYSE:ORI) Announces Quarterly Dividend of $0.32

Old Republic International Corporation (NYSE:ORI) announced a quarterly dividend on Friday, May 15th. Stockholders of record on Friday, June 5th will be given a dividend of 0.315 per share by the insurance provider on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, June 5th.

Old Republic International has raised its dividend payment by an average of 0.3%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 36.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Old Republic International to earn $3.18 per share next year, which means the company should continue to be able to cover its $1.26 annual dividend with an expected future payout ratio of 39.6%.

Old Republic International Stock Performance

NYSE ORI opened at $39.32 on Friday. The firm has a 50-day moving average of $40.22 and a 200-day moving average of $41.96. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.23 and a current ratio of 0.23. The stock has a market cap of $9.55 billion, a PE ratio of 10.54 and a beta of 0.63. Old Republic International has a 52-week low of $35.60 and a 52-week high of $46.76.

Old Republic International (NYSE:ORI) last posted its earnings results on Thursday, April 23rd. The insurance provider reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.39 billion. Old Republic International had a return on equity of 15.71% and a net margin of 10.83%.The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.81 EPS. On average, sell-side analysts anticipate that Old Republic International will post 2.95 EPS for the current year.

About Old Republic International

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. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety.