Old Republic International Co. (ORI) To Go Ex-Dividend on December 6th

Old Republic International Co. (NYSE:ORI) declared 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 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Friday, December 6th.

Old Republic International has increased its dividend payment by an average of 5.3% per year over the last three years and has raised its dividend every year for the last 44 years. Old Republic International has a dividend payout ratio of 33.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Old Republic International to earn $3.05 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 34.8%.

Old Republic International Trading Up 0.5 %

NYSE:ORI opened at $38.99 on Thursday. The stock’s 50 day moving average price is $36.12 and its 200 day moving average price is $33.84. The company has a market capitalization of $9.89 billion, a PE ratio of 13.44 and a beta of 0.84. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.31. Old Republic International has a 52-week low of $27.19 and a 52-week high of $39.27.

Analysts Set New Price Targets

Separately, Piper Sandler lifted their target price on Old Republic International from $36.00 to $37.00 and gave the company 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.