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Old Republic Declares 30th Annual Increase in the Cash Dividend Rate on Common Stock
CHICAGO, February 24, 2011 - 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 March 15, 2011, to shareholders of record on March 4, 2011. Subject to 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 $15.8 billion and common shareholders’ equity of nearly $4.1 billion or $16.16 per share. Its current stock market valuation is approximately $3.0 billion or $12.28 per share.
SOURCE Old Republic International Corporation