CHICAGO, Feb. 26, 2021 /PRNewswire/ -- The Board of
Directors of Old Republic International Corporation (NYSE: ORI)
declared a regular quarterly cash dividend of 22 cents per common share. This dividend is
payable on March 15, 2021 to
shareholders of record on March 9,
2021. Subject to Board approval of each quarter's new rate,
the full year's cash dividend will amount to 88 cents per share compared to 84 cents paid in 2020.
The current annualized dividend rate of $0.88 per share marks the 40th consecutive year
that Old Republic has boosted this rate, and 2021 becomes the 80th
year of uninterrupted regular cash dividend payments.
About Old Republic
Chicago-based Old Republic
International Corporation is one of the nation's 50 largest
shareholder-owned insurance businesses. It is a member of the
Fortune 500 listing of America's largest companies. 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. Old
Republic's general insurance business ranks among the nation's 50
largest, while its title insurance operations are the third largest
in its industry.
The nature of Old Republic's business requires that it
be managed for the long run, and its cash dividend policy reflects
this long-term orientation. Here's a summary of recent years' total
book and market returns, which includes the addition and
reinvestment of cash dividend payments, in comparison with the
financial performance of three selected indices similarly
developed.
|
ORI
|
Selected Indices'
Compounded
|
|
Annual
|
Annual
|
Total Annual
Returns
|
|
Book Value
|
Market
Value
|
Nominal
|
|
S & P
|
|
Compounded
|
Compounded
|
Gross
|
S & P
|
P&C
|
|
Total
|
Total
|
Domestic
|
500
|
Insurance
|
|
Return
|
Return
|
Product
|
Index
|
Index
|
Ten Years 2001 -
2010
|
8.0%
|
1.9%
|
3.9%
|
1.4%
|
1.0%
|
Ten Years 2011 -
2020
|
8.8%
|
9.9%
|
3.3%
|
13.9%
|
14.3%
|
Twenty Years 2001 -
2020
|
8.4%
|
5.8%
|
3.6%
|
7.5%
|
7.4%
|
According to the most recent edition of Mergent's
Dividend Achievers, Old Republic is listed in 58th
place among just 113 qualifying publicly held companies, out of
thousands considered, that have posted at least 25 consecutive
years of annual dividend growth.
For Old Republic's
latest news releases and other corporate documents:
Please visit us
at www.oldrepublic.com
|
|
|
|
|
|
|
Alternatively,
please write or call: Investor Relations
Old Republic
International Corporation
307 North Michigan
Avenue, Chicago, IL 60601
(312)
346-8100
|
At Old
Republic:
|
At Financial
Relations Board:
|
|
|
Craig R. Smiddy:
President and Chief Executive Officer
|
Analysts/Investors:
Joe Calabrese 212/827-3772
|
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SOURCE Old Republic International Corporation