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Old Republic Declares Cash Dividend on Common Stock
CHICAGO, Aug. 28 /PRNewswire-FirstCall/ -- The Board of Directors of Old Republic International Corporation (NYSE: ORI) today declared a quarterly cash dividend on the common stock of 17 cents per share. This dividend is payable September 15, 2008, to shareholders of record on September 5, 2008, and reflects an increase of 6.3 percent over the regular dividend rate that prevailed through March 2008.
This latest dividend increase marks the twenty-seventh consecutive year that Old Republic has boosted its cash dividend rate; 2008 marks the 67th year of uninterrupted cash dividend payments. The Company currently has approximately 230.7 million common shares outstanding.
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 $13.1 billion and common shareholders' equity of nearly $4.0 billion or $17.59 per share. Its current stock market valuation is approximately $2.4 billion or $10.38 per share.
For the latest news releases and other corporate documents on Old Republic International visit http://www.oldrepublic.com
SOURCE: Old Republic International Corporation
A.C. Zucaro, Chairman & CEO of Old Republic International Corporation
both of Financial Relations Board, for Old Republic International Corporation