Old Republic International Co. to Issue Quarterly Dividend of $0.27 (NYSE:ORI)

Old Republic International Co. (NYSE:ORI) announced a quarterly dividend on Tuesday, November 26th,RTT News reports. Investors of record on Friday, December 6th will be paid a dividend of 0.265 per share by the insurance provider on Monday, December 16th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.71%.

Old Republic International has increased its dividend payment by an average of 5.3% per year over the last three years and has raised its dividend every year for the last 44 years. Old Republic International has a payout ratio of 33.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Old Republic International to earn $3.05 per share next year, which means the company should continue to be able to cover its $1.06 annual dividend with an expected future payout ratio of 34.8%.

Old Republic International Stock Up 0.7 %

NYSE ORI traded up $0.26 during trading hours on Wednesday, reaching $39.06. 43,930 shares of the company’s stock were exchanged, compared to its average volume of 1,409,775. Old Republic International has a one year low of $27.19 and a one year high of $39.26. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.28 and a current ratio of 0.28. The company’s 50-day moving average is $36.05 and its two-hundred day moving average is $33.80. The company has a market capitalization of $9.90 billion, a price-to-earnings ratio of 13.38 and a beta of 0.84.

Wall Street Analyst Weigh In

Separately, Piper Sandler lifted their price target on shares of Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, October 21st.

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.