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Old Republic International Corporation Declares Cash Dividend on Common Stock
Old Republic International has paid cash dividends on its common stock for the past 66 years without interruption, and has raised the annual payout for twenty-six consecutive years, most recently in March of this year. The Company currently has approximately 232 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 primarily in the property & 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 shareholders' equity of $4.5 billion or $19.51 per share. Its current stock market valuation is approximately $4.2 billion, or $18.21 per share
The nature of Old Republic's business demands that it be managed for the long run. For the 25 years ended in 2006, the Company's total market return, with dividends reinvested, has grown at a compounded annual rate of 15.8 percent per share. For the same period, the total market return, with dividends reinvested, for the S&P 500 Index has grown at a 13.3 percent annual compound rate. During those years, Old Republic's shareholders' equity account, inclusive of cash dividends, has risen at an average annual rate of 14.1 percent per share, and the regular cash dividend has grown at a 10.1 percent annual compound rate. According to the Summer 2007 edition of Mergent's Dividend Achievers, Old Republic is one of just 117 companies, out of 10,000-plus publicly held corporations, that have posted at least 25 consecutive years of annual dividend growth.
For the latest news releases and other corporate documents on Old Republic International visit http://www.oldrepublic.com
SOURCE Old Republic International Corporation