Investors Title (ITIC) to Issue Quarterly Dividend of $0.46 on September 16th

Investors Title (NASDAQ:ITIC) announced a quarterly dividend on Monday, August 12th, Zacks reports. Stockholders of record on Tuesday, September 3rd will be given a dividend of 0.46 per share by the insurance provider on Monday, September 16th. This represents a $1.84 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Tuesday, September 3rd.

Investors Title has raised its dividend payment by an average of 1.5% per year over the last three years.

Investors Title Stock Up 0.4 %

ITIC stock traded up $0.84 during trading on Wednesday, hitting $211.05. The company had a trading volume of 6,044 shares, compared to its average volume of 9,217. Investors Title has a 52-week low of $127.71 and a 52-week high of $213.00. The company has a 50 day simple moving average of $187.03 and a 200-day simple moving average of $170.07. The firm has a market capitalization of $397.62 million, a P/E ratio of 15.91 and a beta of 0.87.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Investors Title from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th.

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.