Old Republic Declares 33rd Annual Increase In The Cash Dividend Rate On Common Stock
CHICAGO, Feb. 21, 2014 /PRNewswire/ -- The Board of Directors of Old Republic International Corporation (NYSE: ORI) today declared a quarterly cash dividend on the common stock of 18.25 cents per share. This dividend is payable March 14, 2014, to shareholders of record on March 4, 2014. Subject to Board approval of each quarter's new rate, the full year's cash dividend will amount to 73 cents per share compared to 72 cents paid in 2013.
This latest dividend increase marks the 33rd consecutive year that Old Republic has boosted its cash dividend rate, and 2014 becomes the 73rd year of uninterrupted cash dividend payments.
About Old Republic
Chicago-based Old Republic International Corporation is an insurance holding company whose subsidiaries market, underwrite and provide risk management services for a wide variety of coverages, principally in the property and liability, and title insurance fields. A long term interest in mortgage guaranty and consumer credit indemnity lines has devolved to a run-off operating mode in recent times.
One of the nation's 50 largest publicly owned insurance organizations, Old Republic has consolidated assets of approximately $16.5 billion and common shareholders' equity of $3.8 billion, or $14.64 per share. Its current stock market valuation is approximately $4.0 billion, or $15.29 per share.
For the latest news releases and other corporate documents on Old Republic International visit www.oldrepublic.com
SOURCE Old Republic International Corporation