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OLD REPUBLIC DECLARES THIRD QUARTER REGULAR CASH DIVIDEND OF 24.5 CENTS PER SHARE

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Rhea-AI Summary
Old Republic International Corporation declares quarterly cash dividend of 24.5 cents per share, marking the 42nd consecutive year of rate increase and 82nd year of uninterrupted dividend payments.
Positive
  • The declaration of a regular quarterly cash dividend reflects the company's commitment to returning value to shareholders.
  • The 42nd consecutive year of rate increase and 82nd year of uninterrupted dividend payments demonstrate the company's stability and long-term success.
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CHICAGO, Aug. 25, 2023 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) — today announced its Board of Directors has declared a regular quarterly cash dividend on the common stock of 24.5 cents per common share. This dividend is payable on September 15, 2023 to shareholders of record on September 5, 2023. Subject to Board approval each quarter, the full year's cash dividend will amount to 98 cents per share compared to 92 cents paid in 2022.

The current annualized rate of 98 cents per share marks the 42nd consecutive year that Old Republic has increased this rate, and 2023 becomes the 82nd 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. Old Republic's general insurance business ranks among the nation's 50 largest, while its title insurance business is the third largest in its industry.

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

 

Cision View original content:https://www.prnewswire.com/news-releases/old-republic-declares-third-quarter-regular-cash-dividend-of-24-5-cents-per-share-301909742.html

SOURCE Old Republic International Corporation

Old Republic International Corp.

NYSE:ORI

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Direct Property and Casualty Insurance Carriers
Finance and Insurance
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Finance, Property/Casualty Insurance, Finance and Insurance, Direct Property and Casualty Insurance Carriers
US
Chicago

About ORI

old republic is one of the nation's 50 largest shareholder-owned insurance businesses and traces its beginnings to 1923. we are a member of the fortune 500 listing of america’s largest companies. ori’s performance reflects an entrepreneurial spirit, a long-term focus, and a corporate culture that promotes accountability and encourages the taking of prudent business risks. our subsidiaries actively market, underwrite, and provide risk management services for a wide variety of coverages, mostly in the general and title insurance fields. old republic operates in a decentralized manner that emphasizes specialization by type of insurance coverage, industry, and economic sector. old republic's general insurance business ranks among the nation's 50 largest while our title insurance business is the third largest in its industry. our mission is to provide quality insurance security and related services to businesses, individuals, and public institutions, and be a dependable long-term steward