Old Republic Declares Regular 22 Cent Third Quarter Cash Dividend

Rhea-AI Summary

Old Republic International Corporation (NYSE: ORI) announced a quarterly cash dividend of 22 cents per share, payable on September 15, 2021, to shareholders of record by September 1, 2021. This dividend rate signifies the 40th consecutive annual increase, bringing the total yearly dividend to 88 cents compared to 84 cents in 2020. Old Republic celebrates its 80th year of uninterrupted dividend payments, reflecting a commitment to shareholder returns.

Positive

• Quarterly cash dividend of $0.22 per share declared.
• Annual dividend increased to $0.88 from $0.84 in 2020.
• 40th consecutive year of dividend increase.
• Celebrating 80 years of uninterrupted cash dividend payments.

Negative

• None.

CHICAGO, Aug. 13, 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 September 15, 2021 to shareholders of record on September 1, 2021.  Subject to Board approval of each quarter's new rate, the full year's cash dividend will amount to 88 cents per share compared to 84 cents paid in 2020.

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. 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. Its consistent and reliable cash dividend policy reflects this long-term orientation. The current annualized dividend rate of $0.88 per share marks the 40th consecutive year that Old Republic has boosted this rate, and 2021 becomes the 80th year of uninterrupted regular cash dividend payments. 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 Six Months 2020 – only	0.6%	-25.4%	-10.2%	-3.1%	-13.5%
First Six Months 2021 – only	11.0%	35.8%	5.1%*	15.2%	8.9%
*Estimated

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-third-quarter-cash-dividend-301354885.html

SOURCE Old Republic International Corporation

FAQ

What is the dividend amount declared by Old Republic International (ORI)?

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

When will the dividend for ORI be paid?

The dividend will be payable on September 15, 2021.

What was the dividend amount paid in 2020 by ORI?

The dividend paid in 2020 was 84 cents per share.

How long has Old Republic International been paying dividends?

Old Republic International has been paying dividends for 80 years.

What is the significance of the 22 cents dividend for ORI?

The 22 cents dividend represents the 40th consecutive increase in annual dividend payments.