Investors Title Company (ITIC) To Go Ex-Dividend on June 15th

Investors Title Company (NASDAQ:ITIC) declared a quarterly dividend on Wednesday, May 20th. Investors of record on Monday, June 15th will be paid a dividend of 0.46 per share by the insurance provider on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, June 15th.

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

Investors Title Price Performance

Shares of NASDAQ:ITIC opened at $253.71 on Friday. The business’s 50-day moving average is $237.88 and its 200 day moving average is $243.20. The firm has a market capitalization of $479.51 million, a P/E ratio of 12.62 and a beta of 0.65. Investors Title has a 1 year low of $199.11 and a 1 year high of $288.98.

Investors Title (NASDAQ:ITIC) last announced its quarterly earnings data on Thursday, May 7th. The insurance provider reported $3.20 earnings per share for the quarter. The business had revenue of $63.49 million for the quarter. Investors Title had a return on equity of 14.03% and a net margin of 13.59%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Investors Title from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Investors Title presently 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.