Investors Title (NASDAQ:ITIC) Plans Dividend Increase – $14.46 Per Share

Investors Title (NASDAQ:ITIC) announced a quarterly dividend on Monday, November 11th,Zacks Dividends reports. Shareholders of record on Monday, December 2nd will be given a dividend of 14.46 per share by the insurance provider on Monday, December 16th. This represents a $57.84 annualized dividend and a yield of 21.17%. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change from Investors Title’s previous quarterly dividend of $0.46.

Investors Title has increased its dividend by an average of 1.5% annually over the last three years.

Investors Title Stock Up 0.9 %

Shares of Investors Title stock traded up $2.51 on Wednesday, reaching $273.21. 5,324 shares of the stock were exchanged, compared to its average volume of 10,661. The business has a 50 day moving average price of $232.24 and a two-hundred day moving average price of $202.04. The firm has a market capitalization of $513.63 million, a price-to-earnings ratio of 18.09 and a beta of 0.85. Investors Title has a twelve month low of $141.41 and a twelve month high of $275.48.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Investors Title from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th.

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.