Old Republic Announces Regular First Quarter Dividend of 17

 

Monday, Mar 16,2009, 12:13:12 PM   Click:

27 February 2009 - Published in the insurance, fire insurance, accident, dental, financial services, general insurance, insurance brokerage, insurance, insurance online, the liability insurance, life insurance, pet

Old Republic International Corporation announced that its Board of Directors approved the payment of regular quarterly cash dividend of 17 cents per share. The dividend is payable on 13 March 2009 to shareholders of record on March 4 2009.

The final dividend payment in cash is set at a higher rate initially approved for the second quarter of 2008. The rate reflects the current Board of Directors of the assessment of capital needs of the former Republic of insurance subsidiaries and sustainability reported earnings of its insurance segment.

Chicago-based Old Republic International Corporation is an insurance holding company whose subsidiaries market, support and provide risk management services for a wide variety of coverages primarily in the ownership and liability, mortgage, and title of insurance. One of the nation's 50 largest public insurance organizations, Old Republic has assets of approximately $ 13.2 billion and shareholders' equity of $ 3.7 billion or $ 15.91 per share. Its current stock market valuation is approximately $ 2.1 billion, or $ 9.14 per share. Cash dividends have been paid without interruption over the past 68 years, and the dividend rate was increased in each of the last 26 years.