Old Republic International Corporation (ORI) To Go Ex-Dividend on March 9th

Old Republic International Corporation (NYSE:ORI) announced a quarterly dividend on Friday, February 27th. Investors of record on Monday, March 9th will be given a dividend of 0.315 per share by the insurance provider on Thursday, March 19th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, March 9th. This is a 8.6% increase from Old Republic International’s previous quarterly dividend of $0.29.

Old Republic International has raised its dividend payment by an average of 0.3%annually over the last three years and has raised its dividend every year for the last 45 years. Old Republic International has a payout ratio of 36.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Old Republic International to earn $3.33 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 37.8%.

Old Republic International Trading Down 0.4%

ORI stock opened at $41.90 on Friday. Old Republic International has a 52 week low of $34.43 and a 52 week high of $46.76. The company has a market capitalization of $10.30 billion, a PE ratio of 12.36 and a beta of 0.73. The company’s 50-day simple moving average is $42.08 and its 200 day simple moving average is $42.26. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.27 and a current ratio of 0.27.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, January 22nd. The insurance provider reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.15). Old Republic International had a return on equity of 16.21% and a net margin of 10.24%.During the same quarter last year, the firm posted $0.90 earnings per share. As a group, sell-side analysts anticipate that Old Republic International will post 3.17 earnings per share for the current year.

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. 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.