CHICAGO, Feb. 23, 2016 /PRNewswire/ -- The Board of Directors of Old Republic International Corporation (NYSE: ORI) today declared a quarterly cash dividend on the common stock of 18.75 cents per share. This dividend is payable March 15, 2016, to shareholders of record on March 4, 2016. Subject to Board approval of each quarter's new rate, the full year's cash dividend will amount to 75 cents per share compared to 74 cents paid in 2015.
This latest dividend increase marks the 35th consecutive year that Old Republic has boosted its cash dividend rate, and 2016 becomes the 75th year of uninterrupted cash dividend payments.
About Old Republic
Chicago-based Old Republic International Corporation is one of the nation's 50 largest publicly held insurance organizations. Its most recent financial statements reflect consolidated assets of approximately $17.1 billion and common shareholders' equity of $3.8 billion, or $15.02 per share. Its current stock market valuation is approximately $4.7 billion, or $18.00 per share.
The Company is organized as an insurance holding company whose subsidiaries actively market, underwrite, and provide risk management services for a wide variety of coverages mostly in the general 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 years.
For the latest news releases and other corporate documents on Old Republic, please write to:
Investor Relations Old Republic International Corporation 307 North Michigan Avenue • Chicago, IL 60601 312-346-8100 or visit us at www.oldrepublic.com
SOURCE Old Republic International Corporation