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

Investors Title Company (NASDAQ:ITIC) declared a quarterly dividend on Monday, August 10th. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.46 per share by the insurance provider on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 1st.

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

Investors Title Stock Performance

ITIC stock opened at $285.83 on Tuesday. The company’s 50 day moving average price is $271.74 and its 200 day moving average price is $249.64. Investors Title has a fifty-two week low of $209.75 and a fifty-two week high of $297.31. The firm has a market capitalization of $540.22 million, a price-to-earnings ratio of 13.39 and a beta of 0.63.

Investors Title (NASDAQ:ITIC) last issued its quarterly earnings results on Thursday, August 6th. The insurance provider reported $7.73 earnings per share (EPS) for the quarter. Investors Title had a net margin of 13.80% and a return on equity of 14.81%. The company had revenue of $81.71 million during the quarter.

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. 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.