CHICAGO, Nov. 23, 2015 /PRNewswire/ -- The Board of Directors of Old Republic International Corporation (NYSE: ORI) declared a quarterly cash dividend on the common stock of 18.50 cents per share. This dividend is payable December 15, 2015, to shareholders of record on December 4, 2015. Subject to Board approval of each quarter's new rate, the full year's cash dividend will amount to 74 cents per share compared to 73 cents paid in 2014.
This latest dividend increase marks the 34th consecutive year that Old Republic has boosted its cash dividend rate, and 2015 becomes the 74th 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 $17.3 billion and common shareholders' equity of $3.9 billion, or $14.95 per share. Its current stock market valuation is approximately $5.0 billion or $18.98 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 International visit www.oldrepublic.com
SOURCE Old Republic International Corporation