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Old Republic Declares Higher Cash Dividend on Common Stock
CHICAGO, May 24 /PRNewswire-FirstCall/ -- The Board of Directors of Old Republic International Corporation (NYSE: ORI) today declared a quarterly cash dividend on the common stock of 16 cents per share. This dividend is payable June 15, 2007, to shareholders of record on June 5, 2007, and reflects an increase of 6.7 percent over the regular dividend rate that prevailed through March 2007.
This latest dividend increase marks the twenty-sixth consecutive year that Old Republic has boosted its cash dividend rate; it has now paid cash dividends without interruption for 66 years.
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 $12.7 billion and common shareholders' equity of nearly $4.5 billion or $19.33 per share. Its current stock market valuation is approximately $5.0 billion or $21.42 per share.SOURCE Old Republic International Corporation
CONTACT: A.C. Zucaro, Chairman & CEO of Old Republic, +1-312-346-8100; or Analysts and Investors, Leslie Loyet, +1-312-640-6672, firstname.lastname@example.org, or Media Inquiries, Tim Grace, +1-312-640-6667, email@example.com, both of Financial Relations Board, for Old Republic/