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Old Republic International Declares Cash Dividend on Common Stock At Higher Rate of $0.15
CHICAGO, May 18 /PRNewswire/ -- The Board of Directors of Old Republic International Corporation (NYSE: ORI) declared a higher quarterly cash dividend on its common stock of 15 cents per share. The common stock dividend is payable June 15, 2001, to shareholders of record June 5, 2001. This represents an increase of approximately 7 percent over the prior quarterly and annual rates of 14 cents and 56 cents, respectively.
Old Republic International has paid common stock dividends without interruption since 1942. With this latest increase, the annual rate will have been raised for 20 consecutive years. The Company currently has approximately 118.5 million common shares outstanding.
About the Company
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 in the property and liability, mortgage guaranty, title and life and health insurance fields. One of the nation's 50 largest publicly owned insurance organizations, Old Republic has assets of approximately $7.4 billion and common shareholders' equity of $2.5 billion. Its current stock market capitalization is approximately $3.3 billion.
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SOURCE Old Republic International Corporation
CONTACT: A.C. Zucaro, Chairman & CEO of Old Republic International Corp., 312-346-8100; or General, Leslie Hunziker, 312-640-6760, or firstname.lastname@example.org , Analysts-Investors, Leslie Loyet, 312-640-6672, or