Investors Title Company Board Declares Special Cash Dividend and Regular Quarterly Cash Dividend
Investors Title Company (Nasdaq: ITIC) has announced two dividend distributions: a special cash dividend of $14.00 per share and a regular quarterly cash dividend of $0.46 per share. Both dividends will be paid on December 16, 2024, to shareholders of record as of December 2, 2024. The special dividend will be funded through existing cash balances. The company operates in title insurance policy issuance and underwriting, while also providing tax-deferred exchange services and investment management services.
Investors Title Company (Nasdaq: ITIC) ha annunciato due distribuzioni di dividendi: un dividendo in contante straordinario di $14,00 per azione e un dividendo in contante regolare trimestrale di $0,46 per azione. Entrambi i dividendi saranno pagati il 16 dicembre 2024, agli azionisti registrati al 2 dicembre 2024. Il dividendo straordinario sarà finanziato attraverso le attuali disponibilità in cassa. L'azienda opera nell'emissione e nella sottoscrizione di polizze di assicurazione titoli, fornendo anche servizi di scambio con differimento fiscale e servizi di gestione degli investimenti.
Investors Title Company (Nasdaq: ITIC) ha anunciado dos distribuciones de dividendos: un dividendo en efectivo especial de $14.00 por acción y un dividendo en efectivo regular trimestral de $0.46 por acción. Ambos dividendos se pagarán el 16 de diciembre de 2024, a los accionistas registrados hasta el 2 de diciembre de 2024. El dividendo especial se financiará a través de los saldos de efectivo existentes. La empresa opera en la emisión y suscripción de pólizas de seguro de títulos, mientras que también proporciona servicios de intercambio con impuestos diferidos y servicios de gestión de inversiones.
Investors Title Company (Nasdaq: ITIC)는 두 가지 배당금 배분을 발표했습니다: 주당 $14.00의 특별 현금 배당금과 주당 $0.46의 정기 분기 현금 배당금. 두 배당금 모두 2024년 12월 16일에 지급되며, 2024년 12월 2일 기준 주주에게 지급됩니다. 특별 배당금은 기존 현금 잔고로 지원될 것입니다. 이 회사는 타이틀 보험 정책의 발행 및 인수업무를 수행하며, 세금 연기 교환 서비스와 투자 관리 서비스도 제공합니다.
Investors Title Company (Nasdaq: ITIC) a annoncé deux distributions de dividendes : un dividende en espèces spécial de 14,00 $ par action et un dividende en espèces trimestriel régulier de 0,46 $ par action. Les deux dividendes seront versés le 16 décembre 2024 aux actionnaires inscrits au 2 décembre 2024. Le dividende spécial sera financé par les soldes de trésorerie existants. L'entreprise opère dans l'émission et la souscription de polices d'assurance titres, tout en proposant également des services d'échange avec report d'impôt et des services de gestion d'investissements.
Investors Title Company (Nasdaq: ITIC) hat zwei Dividendenausschüttungen angekündigt: eine besondere Barausschüttung von 14,00 $ pro Aktie und eine reguläre vierteljährliche Barausschüttung von 0,46 $ pro Aktie. Beide Dividenden werden am 16. Dezember 2024 an die Aktionäre ausgezahlt, die bis zum 2. Dezember 2024 im Aktienregister stehen. Die Sonderdividende wird durch vorhandene Bargeldbestände finanziert. Das Unternehmen ist auf die Emission und Zeichnung von Titelversicherungen spezialisiert und bietet auch Steuerstundungsdienstleistungen sowie Investmentmanagementdienste an.
- Substantial special dividend of $14.00 per share demonstrates strong cash position
- Maintains regular quarterly dividend of $0.46 per share
- Company has sufficient cash reserves to fund special dividend from existing balances
- Large special dividend payout may significantly reduce company's cash reserves
Investors Title Company is a publicly held
Investors Title Company is engaged in the business of issuing and underwriting title insurance policies. The Company also provides services in connection with tax-deferred exchanges of like-kind property as well as investment management services to individuals, companies, banks and trusts.
Certain statements contained herein may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, among others, statements regarding the Company’s confidence in its growth strategy, ability to generate sustainable cash flow, and commitment to returning capital to its shareholders as appropriate. These statements involve a number of risks and uncertainties that could cause actual results to differ materially from anticipated and historical results. Such risks and uncertainties include, without limitation: the cyclical demand for title insurance due to changes in the residential and commercial real estate markets; the occurrence of fraud, defalcation or misconduct; variances between actual claims experience and underwriting and reserving assumptions, including the limited predictive power of historical claims experience; declines in the performance of the Company’s investments; government regulation; changes in the economy; the possible loss of agency relationships, or significant reduction in agent-originated business and other considerations set forth under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the Securities and Exchange Commission, and in its subsequent Quarterly Reports on Form 10-Q.
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L. Dawn Martin (919) 968-2200
Source: Investors Title Company
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