Old Republic Declares Regular 22 Cent Fourth Quarter Cash Dividend

Rhea-AI Summary

Old Republic International Corporation (NYSE: ORI) has declared a quarterly cash dividend of 22 cents per share, payable on December 15, 2021, to shareholders of record on December 6, 2021. This marks the 40th consecutive year of increased dividends and underscores the company’s commitment to returning value to shareholders. The annualized dividend rate now stands at $0.88 per share, contributing to 80 years of uninterrupted cash dividend payments. Old Republic, a major player in the insurance sector, focuses on long-term management and reliable dividend policies.

Positive

• Quarterly cash dividend declared at 22 cents per share.
• 40th consecutive year of increased dividends.
• Annualized dividend rate now at $0.88 per share.
• 80 years of uninterrupted cash dividend payments.

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• None.

CHICAGO, Nov. 24, 2021 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) today announced its Board of Directors has declared a regular quarterly cash dividend on the common stock of 22 cents per common share. This dividend is payable on December 15, 2021 to shareholders of record on December 6, 2021.

The current annualized dividend rate of $0.88 per share marks the 40^th consecutive year that Old Republic has boosted this rate, and 2021 becomes the 80^th year of uninterrupted regular 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. 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. Its consistent and reliable 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	Market Value	Nominal		S & P
	Compounded	Compounded	Gross	S & P	P&C
	Total	Total	Domestic	500	Insurance
	Return	Return	Product	Index	Index
Ten Years 2001 – 2010	8.0%	1.9%	3.9%	1.4%	1.0%
Ten Years 2011 – 2020	8.8%	9.9%	3.3%	13.9%	14.3%
Twenty Years 2001 – 2020	8.4%	5.8%	3.6%	7.5%	7.4%
First Nine Months 2020 – only	5.2%	-31.7%	-2.6%	5.6%	-11.2%
First Nine Months 2021 – only	11.4%	35.4%	7.9%	15.9%	9.7%

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

 

At Old Republic:		At Financial Relations Board:
Craig R. Smiddy, President and CEO		Analysts/Investors: Joe Calabrese 212/827-3772

 

View original content:https://www.prnewswire.com/news-releases/old-republic-declares-regular-22-cent-fourth-quarter-cash-dividend-301431149.html

SOURCE Old Republic International Corporation

FAQ

What is the dividend amount declared by Old Republic International Corporation?

Old Republic International Corporation has declared a dividend of 22 cents per share.

When will the dividend be paid to shareholders?

The dividend will be paid on December 15, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is December 6, 2021.

How long has Old Republic been paying dividends?

Old Republic has paid uninterrupted cash dividends for 80 years.

What is the annualized dividend rate for Old Republic's stock?

The current annualized dividend rate is $0.88 per share.