Old Republic Declares Regular 21 Cent Fourth Quarter Cash Dividend

Rhea-AI Summary

Old Republic International Corporation (NYSE: ORI) has declared a quarterly cash dividend of 21 cents per share, payable on December 15, 2020, to shareholders of record as of December 4, 2020. This marks the 39th consecutive year of dividend increases, contributing to a total of 79 years of uninterrupted cash dividend payments. Old Republic is among the top 50 largest shareholder-owned insurance businesses in the U.S., emphasizing its long-term commitment to dividend growth.

Positive

• Quarterly cash dividend declared at 21 cents per share.
• 39th consecutive year of dividend increase.
• 79 years of uninterrupted cash dividend payments.
• Strong positioning as one of the 50 largest insurance businesses in the U.S.

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• None.

CHICAGO, Nov. 24, 2020 /PRNewswire/ -- The Board of Directors of Old Republic International Corporation (NYSE: ORI) has declared a quarterly cash dividend on the common stock of 21 cents per share. This dividend is payable December 15, 2020 to shareholders of record on December 4, 2020. 

This latest dividend increase marks the 39^th consecutive year that Old Republic has boosted its cash dividend rate, and 2020 becomes the 79^th year of uninterrupted cash dividend payments. 

About Old Republic
Chicago-based Old Republic International Corporation is one of the nation's 50 largest shareholder-owned insurance businesses. It is a member of the Fortune 500 listing of America's largest companies. The Company is organized as an insurance holding company whose subsidiaries actively market, underwrite, and provide risk management services for a wide variety of coverages mostly in the general and title insurance fields. A long-term interest in mortgage guaranty and consumer credit indemnity coverages has devolved to a run-off operating mode in recent years. Old Republic's general insurance business ranks among the nation's 50 largest, while its title insurance operations are the third largest in its industry.

The nature of Old Republic's business requires that it be managed for the long run, and its cash dividend policy reflects this long-term orientation. Here's a summary of recent years' total book and market returns, which includes the addition and reinvestment of cash dividend payments, in comparison with the financial performance of three selected indices similarly developed.

	ORI			Selected Indices' Compounded
	Annual		Annual	Total Annual Returns
	Book Value Compounded Total Return		Market Value Compounded Total Return	Nominal Gross Domestic Product	S & P 500 Index	S & P Insurance Index
Ten Years 2000 - 2009	9.5%		7.4%	4.1%	-1.0%	-3.7%
Ten Years 2010 - 2019	7.7%		14.8%	4.0%	13.6%	12.4%
Twenty Years 2000 - 2019	8.6%		11.0%	4.1%	6.1%	4.1%

According to the most recent edition of Mergent's Dividend Achievers, Old Republic is listed in 58th place among just 113 qualifying publicly held companies, out of thousands considered, that have posted at least 25 consecutive years of annual dividend growth.

For Old Republic's latest news releases and other corporate documents: Please visit us at www.oldrepublic.com
Alternatively, please write or call:  Investor Relations Old Republic International Corporation 307 North Michigan Avenue, Chicago, IL 60601  (312) 346-8100

 

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SOURCE Old Republic International Corporation

FAQ

When is the dividend payment date for ORI?

The dividend payment date for ORI is December 15, 2020.

What is the amount of the quarterly dividend for Old Republic International?

The quarterly dividend for Old Republic International is 21 cents per share.

How many consecutive years has Old Republic International increased its dividend?

Old Republic International has increased its dividend for 39 consecutive years.

What is Old Republic's position among U.S. insurance businesses?

Old Republic is one of the top 50 largest shareholder-owned insurance businesses in the U.S.