Old Republic International Co. to Issue Quarterly Dividend of $0.27 (NYSE:ORI)

Old Republic International Co. (NYSE:ORI) announced a quarterly dividend on Tuesday, November 26th,RTT News reports. Investors of record on Friday, December 6th will be given a dividend of 0.265 per share by the insurance provider on Monday, December 16th. This represents a $1.06 annualized dividend and a yield of 2.76%. The ex-dividend date is Friday, December 6th.

Old Republic International has raised its dividend by an average of 5.3% annually over the last three years and has increased its dividend every year for the last 44 years. Old Republic International has a dividend payout ratio of 33.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Old Republic International to earn $3.08 per share next year, which means the company should continue to be able to cover its $1.06 annual dividend with an expected future payout ratio of 34.4%.

Old Republic International Price Performance

Shares of ORI opened at $38.44 on Wednesday. The firm has a market cap of $9.75 billion, a PE ratio of 13.25 and a beta of 0.86. Old Republic International has a 52-week low of $27.19 and a 52-week high of $39.27. The business’s 50 day moving average price is $36.39 and its two-hundred day moving average price is $34.05. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.28 and a current ratio of 0.28.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler increased their target price on shares of Old Republic International from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st.

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.