Old Republic International Co. (NYSE:ORI) Plans $0.27 Quarterly Dividend

Old Republic International Co. (NYSE:ORI) announced a quarterly dividend on Tuesday, November 26th,RTT News reports. Shareholders of record on Friday, December 6th will be paid a dividend of 0.265 per share by the insurance provider on Monday, December 16th. This represents a $1.06 annualized dividend and a yield of 2.73%.

Old Republic International has increased its dividend by an average of 5.3% annually over the last three years and has increased its dividend annually for the last 44 consecutive years. Old Republic International has a dividend payout ratio of 33.2% meaning its dividend is sufficiently covered by earnings. 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 Stock Up 0.5 %

ORI stock opened at $38.79 on Tuesday. The stock has a market capitalization of $9.84 billion, a P/E ratio of 13.38 and a beta of 0.84. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.28 and a quick ratio of 0.28. Old Republic International has a 1-year low of $27.19 and a 1-year high of $39.09. The business has a fifty day moving average price of $35.98 and a 200-day moving average price of $33.75.

Analysts Set New Price Targets

Separately, Piper Sandler boosted their target price on Old Republic International from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report 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.