Old Republic International Corporation (ORI) to Issue Quarterly Dividend of $0.32 on June 15th

Old Republic International Corporation (NYSE:ORI) declared a quarterly dividend on Friday, May 15th. Investors of record on Friday, June 5th will be paid a dividend of 0.315 per share by the insurance provider on Monday, June 15th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, June 5th.

Old Republic International has increased 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 $3.18 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 39.6%.

Old Republic International Trading Up 0.4%

Shares of Old Republic International stock opened at $39.32 on Friday. The company has a market capitalization of $9.55 billion, a P/E ratio of 10.54 and a beta of 0.63. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.23 and a current ratio of 0.23. The company has a fifty day moving average of $40.22 and a 200 day moving average of $41.96. Old Republic International has a fifty-two week low of $35.60 and a fifty-two week high of $46.76.

Old Republic International (NYSE:ORI) last issued its earnings results on Thursday, April 23rd. The insurance provider reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.11). The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.39 billion. Old Republic International had a return on equity of 15.71% and a net margin of 10.83%.The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.81 EPS. On average, sell-side analysts anticipate that Old Republic International will post 2.95 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.