Old Republic International Corporation (NYSE:ORI) Announces Quarterly Dividend of $0.32

Old Republic International Corporation (NYSE:ORI) announced a quarterly dividend on Friday, May 15th. Shareholders 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) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend 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 increased its dividend annually for the last 45 consecutive years. Old Republic International has a payout ratio of 36.4% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

ORI traded up $0.17 during midday trading on Friday, reaching $39.32. The company had a trading volume of 1,073,949 shares, compared to its average volume of 1,801,377. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average of $40.28 and a two-hundred day moving average of $41.98. The company has a market cap of $9.55 billion, a P/E ratio of 10.54 and a beta of 0.63. Old Republic International has a 1 year low of $35.60 and a 1 year high of $46.76.

Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Thursday, April 23rd. The insurance provider reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Old Republic International had a return on equity of 15.71% and a net margin of 10.83%.The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.81 EPS. As a group, equities research analysts predict that Old Republic International will post 2.95 earnings per share for the current fiscal year.

About Old Republic International

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.