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Old Republic Announces Regular Second Quarter Dividend of 17.50 Cents
CHICAGO, May 11, 2011 /PRNewswire via COMTEX/ --
The Board of Directors of Old Republic International Corporation (NYSE: ORI) today declared a quarterly cash dividend on the common stock of 17.50 cents per share. This dividend is payable June 15, 2011, to shareholders of record on June 3, 2011. Subject to quarterly board approval of each quarter's new rate, the full year's cash dividend will amount to 70 cents per share compared to 69 cents paid in 2010.
This latest dividend increase marks the 30th consecutive year that Old Republic has boosted its cash dividend rate, and 2011 becomes the 70th year of uninterrupted cash dividend payments.
About Old Republic
Chicago-based Old Republic International Corporation is an insurance holding company whose subsidiaries market, underwrite and provide risk management services for a wide variety of coverages, principally in the property and liability, mortgage guaranty and title insurance fields. One of the nation's 50 largest publicly owned insurance organizations, Old Republic has assets of approximately $16.30 billion and common shareholders' equity of nearly $4.05 billion or $15.87 per share. Its current stock market valuation is approximately $3.23 billion or $12.49 per share.
For the latest news releases and other corporate documents on Old Republic International visit www.oldrepublic.com
SOURCE Old Republic International Corporation