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Old Republic Declares Higher Cash Dividend on Common Stock
CHICAGO, May 12, 2005 /PRNewswire-FirstCall 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 cents per share. This dividend is payable June 15, 2005 to shareholders of record on June 3, 2005, and reflects an increase of 30.8 percent over the rate that prevailed through March 2005.
This latest dividend increase marks the twenty-fourth consecutive year that Old Republic has boosted its cash dividend rate, and it has paid cash dividends without interruption for 64 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 $10.6 billion and capitalization of $4.0 billion. Its current stock market valuation is approximately $4.3 billion.
For the latest news releases and other corporate documents on Old Republic International visit http://www.oldrepublic.com .
SOURCE Old Republic International CorporationA.C. Zucaro, Chairman & CEO, Old Republic, +1-312-346-8100; or General Information, George Zagoudis, +1-312-640-6663, firstname.lastname@example.org , Analysts-Investors, Leslie Loyet, +1-312-640-6672, email@example.com , or Media Inquiries, Tim Grace, +1-312-640-6667, firstname.lastname@example.org , all of Financial Relations Board