CHICAGO, Nov. 22, 2017 /PRNewswire/ -- The Board of Directors of Old Republic International Corporation (NYSE: ORI) today declared a quarterly cash dividend on the common stock of 19 cents per share. This dividend is payable December 15, 2017, to shareholders of record on December 5, 2017. Subject to Board approval of each quarter's new rate, the full year's cash dividend will amount to 76 cents per share compared to 75 cents paid in 2016.
This latest dividend increase marks the 36th consecutive year that Old Republic has boosted its cash dividend rate, and 2017 becomes the 76th year of uninterrupted cash dividend payments.
About Old Republic
Chicago-based Old Republic International Corporation is one of the nation's 50 largest publicly held insurance organizations. Its most recent financial statements reflect consolidated assets of approximately $19.74 billion and common shareholders' equity of $4.73 billion, or $18.09 per share. Its current stock market valuation is approximately $5.54 billion, or $20.81 per share.
The Company is organized as an insurance holding company whose subsidiaries actively market, underwrite, and provide risk management services for a wide variety of coverages mostly in the general and title insurance fields. A long-term interest in mortgage guaranty and consumer credit indemnity coverages has devolved to a run-off operating mode in recent years.
For the latest news releases and other corporate documents on Old Republic, please write to:
Old Republic International Corporation
307 North Michigan Avenue • Chicago, IL 60601
or visit us at www.oldrepublic.com
Further Information Contacts:
AT OLD REPUBLIC:
AT FINANCIAL RELATIONS BOARD:
A. C. Zucaro: Chairman & CEO
Analysts/Investors: Marilynn Meek
SOURCE Old Republic International Corporation