First American, Old Republic and Investors Title all recently declared quarterly dividends:
First American: The board of directors for First American Financial Corp. declared a quarterly cash dividend of 12 cents per common share.
The cash dividend is payable on June 17 to shareholders of record as of June 10.
In the first quarter of 2013, net income in the current quarter was $36.2 million, or 33 cents per diluted share, compared with net income of $31.3 million, or 29 cents per diluted share, in the first quarter of 2012. The current quarter results include net realized investment gains of $9.3 million, or 5 cents per diluted share, compared with net realized investment losses of $0.9 million, or 1 cent per diluted share, in the first quarter of 2012.
Old Republic: The board of directors of Old Republic International Corp. declared a quarterly cash dividend on the common stock of 18 cents per share. This dividend is payable June 14 to shareholders of record on June 4. Subject to board approval of each quarter’s new rate, the full year’s cash dividend will amount to 72 cents per share compared to 71 cents paid in 2012.
This latest dividend increase marks the 32nd consecutive year that Old Republic has boosted its cash dividend rate, and 2013 becomes the 72nd year of uninterrupted cash dividend payments. Its current stock market valuation is approximately $3.6 billion or $14.02 per share.
Investors: Investors Title Co. shareholders of record on June 14 will be given a dividend of $0.08 per share on June 28. This represents a $0.32 dividend on an annualized basis and a yield of 0.45 percent.
Investors Title has a 52-week low of $46.69 and a 52-week high of $72.97. The stock’s 50-day moving average is currently $68.24. In its first quarter financial report, the company reported $1.62 earnings per share for the quarter.