STEWART INFORMATION SERVICES CORPORATION ANNOUNCES 20% DIVIDEND INCREASE AND DECLARES THIRD QUARTER DIVIDEND

Rhea-AI Summary

Stewart Information Services Corporation (NYSE:STC) has announced a 20% increase in its annual cash dividend, raising it from $1.50 to $1.80 per share. This increase reflects the company's commitment to returning capital to shareholders. The third-quarter cash dividend will be $0.45 per share, payable on September 30, 2022, to stockholders of record by September 15, 2022. CEO Fred Eppinger emphasized the goal of providing consistent returns through operational performance and dividends.

Positive

• Annual cash dividend increased from $1.50 to $1.80 per share.
• Third-quarter cash dividend declared at $0.45 per share.
• Demonstrates commitment to returning capital to shareholders.

Negative

• None.

HOUSTON, Sept. 1, 2022 /PRNewswire/ -- Stewart Information Services Corporation (NYSE:STC) today announced a dividend increase that reflects the company's continuing commitment to return capital to its shareholders.

The Stewart Board of Directors has approved an increase in the Company's annual cash dividend from $1.50 to $1.80 per share, payable to common shareholders beginning with the third quarter of 2022. Consistent with the increase, the Board of Directors declared a cash dividend of $0.45 per share for the third quarter 2022, payable September 30, 2022, to common stockholders of record on September 15, 2022.

"I am pleased to announce this action in keeping with Stewart's goal of delivering a consistent return on capital to shareholders, both through its operational performance as well as the annual dividend," said Fred Eppinger, Stewart CEO.

About Stewart

Stewart Information Services Corporation (NYSE:STC) is a global real estate services company, offering products and services through our direct operations, network of Stewart Trusted Providers™ and family of companies. From residential and commercial title insurance and closing and settlement services to specialized offerings for the mortgage industry, we offer the comprehensive service, deep expertise and solutions our customers need for any real estate transaction. Learn more at stewart.com. ST-IR

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SOURCE Stewart Information Services Corporation

FAQ

What is the new dividend amount for Stewart Information Services Corporation (STC)?

The new annual dividend amount is $1.80 per share.

When is the dividend payment date for the third quarter 2022 for STC?

The dividend payment date is September 30, 2022.

What will be the amount of the third-quarter dividend for STC shareholders?

The third-quarter dividend will be $0.45 per share.

What is the record date for the third-quarter dividend of Stewart Information Services (STC)?

The record date for the third-quarter dividend is September 15, 2022.

How does the dividend increase affect shareholders of Stewart Information Services (STC)?

The dividend increase reflects the company's commitment to returning capital, providing shareholders with a higher return on their investment.