The board of directors for Old Republic International Corp. declared a quarterly cash dividend on the common stock of 17.50 cents per share. This dividend is payable Dec. 15 to shareholders of record on Dec. 5.
Old Republic has assets of approximately $16 billion and common shareholders' equity of nearly $3.8 billion or $14.98 per share. Its current stock market valuation is approximately $2.3 billion or $9.03 per share.
The company noted that 2011 marks the 70th year of uninterrupted cash dividend payments, and the 30th consecutive year that Old Republic has boosted its annualized cash dividend rate.
Chicago-based Old Republic 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, mortgage guaranty and title insurance fields. It is one of the nation’s 50 largest publicly owned insurance organizations.