Old Republic Declares Second Quarter Cash Dividend Of 22 Cents Per Share

Rhea-AI Summary

The Board of Directors of Old Republic International Corporation (NYSE: ORI) declared a quarterly cash dividend of 22 cents per share, payable on June 15, 2021, to shareholders of record by June 4, 2021. This increases the total dividend for the year to 88 cents, up from 84 cents in 2020. This marks the 40th consecutive year of dividend growth and the 80th year of uninterrupted payments. Old Republic ranks among the largest insurance companies in the U.S. and is recognized for its long-term commitment to shareholders through consistent dividends.

Positive

• Declared an increase in quarterly dividend to 22 cents per share.
• Total annual dividend rises to 88 cents, up from 84 cents in 2020.
• Marking the 40th consecutive year of dividend increases.
• 80 years of uninterrupted regular cash dividend payments.

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• None.

CHICAGO, May 14, 2021 /PRNewswire/ -- The Board of Directors of Old Republic International Corporation (NYSE: ORI) declared a regular quarterly cash dividend of 22 cents per common share. This dividend is payable on June 15, 2021 to shareholders of record on June 4, 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.

This latest dividend increase marks the 40th consecutive year that Old Republic has boosted its cash dividend rate, and 2021 becomes the 80th 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. 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 Quarter 2020 - only	-12.4%	-31.1%	-0.9%	-19.6%	-20.6%
First Quarter 2021 - only	5.1%	18.1%	6.0%*	6.2%	4.4%
*Estimated

According to the most recent edition of Mergent's Dividend Achievers, Old Republic is listed in 58th place among just 111 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

 

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

 

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SOURCE Old Republic International Corporation

FAQ

What is the dividend amount declared by Old Republic International for June 2021?

Old Republic International declared a dividend of 22 cents per share for June 2021.

When is the dividend payment date for Old Republic International in June 2021?

The dividend payment date is June 15, 2021.

What was the total dividend for Old Republic International in 2020?

The total dividend for Old Republic International in 2020 was 84 cents per share.

How long has Old Republic International been increasing its dividend?

Old Republic International has increased its dividend for 40 consecutive years.

What milestone is Old Republic International celebrating in 2021 regarding dividends?

In 2021, Old Republic International is celebrating 80 years of uninterrupted regular cash dividend payments.