Old Republic International Corporation (ORI) to Issue Special Dividend of $2.50 on January 14th

Old Republic International Corporation (NYSE:ORI) announced a special dividend on Friday, December 12th. Investors of record on Friday, January 2nd will be given a dividend of 2.50 per share by the insurance provider on Wednesday, January 14th. The ex-dividend date of this dividend is Friday, January 2nd.

Old Republic International has decreased its dividend by an average of 0.1%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 33.5% 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 $1.16 annual dividend with an expected future payout ratio of 34.8%.

Old Republic International Price Performance

Shares of NYSE ORI traded down $0.22 during trading on Wednesday, hitting $46.02. The company had a trading volume of 155,939 shares, compared to its average volume of 1,387,279. The business’s 50-day moving average is $43.70 and its 200 day moving average is $40.76. The company has a market cap of $11.39 billion, a P/E ratio of 15.40 and a beta of 0.77. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.26 and a current ratio of 0.26. Old Republic International has a 52 week low of $33.00 and a 52 week high of $46.76.

Old Republic International (NYSE:ORI) last released its quarterly earnings results on Friday, October 24th. The insurance provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.28 billion. Old Republic International had a return on equity of 17.11% and a net margin of 9.53%. Equities research analysts predict that Old Republic International will post 3.17 earnings per share for the current fiscal 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.