CHICAGO - Old Republic International Corporation (NYSE: NYSE:ORI), a Fortune 500 insurance business, announced a quarterly cash dividend increase on common shares. The Board of Directors declared a regular dividend of 26.5 cents per share, payable on March 21, 2024, to shareholders of record as of March 11, 2024. This represents a rise from the $0.98 per share paid in 2023 to an annual rate of $1.06 per share, marking an 8.2% increase.
The company has a long-standing tradition of providing dividends, with 2024 being the 43rd consecutive year of dividend increases, underscoring its commitment to consistent shareholder returns. Furthermore, Old Republic has maintained a track record of uninterrupted regular cash dividend payments for 83 years.
Old Republic International Corporation, headquartered in Chicago, operates as an insurance holding company with subsidiaries that engage in underwriting and risk management services. Its general insurance segment is listed among the top 50 in the nation, while its title insurance operations rank third in the industry.
This dividend announcement is in line with the company's historical practice of rewarding its shareholders and reflects its financial stability and confidence in continued profitability. The information is based on a press release statement from Old Republic International Corporation.
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