STEWART INFORMATION SERVICES CORPORATION ANNOUNCES DIVIDEND INCREASE AND DECLARES THIRD QUARTER DIVIDEND

Rhea-AI Summary

Stewart Information Services (NYSE:STC) has announced a dividend increase, demonstrating its commitment to shareholder returns. The company's Board of Directors has approved an increase in the annual cash dividend from $1.90 to $2.00 per share. This change will take effect with the third quarterly payment of 2024, set at $0.50 per share, payable on September 30, 2024, to common stockholders of record on September 16, 2024. CEO Fred Eppinger emphasized that this action aligns with Stewart's goal of delivering consistent returns to shareholders through both operational performance and annual dividends.

Positive

• Increase in annual cash dividend from $1.90 to $2.00 per share
• Quarterly dividend payment raised to $0.50 per share
• Demonstrates commitment to returning capital to shareholders

Negative

• None.

HOUSTON, Sept. 3, 2024 /PRNewswire/ -- Stewart Information Services Corporation (NYSE:STC) today announced a dividend increase that reflects the company's continuing commitment to return capital to its shareholders.

The Stewart Board of Directors has approved an increase in the Company's annual cash dividend from $1.90 to $2.00 per share, beginning with the third quarterly payment of 2024 of $0.50 per share, payable September 30, 2024, to common stockholders of record on September 16, 2024.

"I am pleased to announce this action in keeping with Stewart's goal of delivering a consistent return on capital to shareholders, both through its operational performance as well as the annual dividend," said Fred Eppinger, Stewart CEO.

About Stewart

Stewart Information Services Corporation (NYSE:STC) is a global real estate services company, offering products and services through our direct operations, network of Stewart Trusted Providers™ and family of companies. From residential and commercial title insurance and closing and settlement services to specialized offerings for the mortgage industry, we offer the comprehensive service, deep expertise and solutions our customers need for any real estate transaction. Learn more at stewart.com. ST-IR

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SOURCE Stewart Information Services Corporation

FAQ

What is the new annual dividend for Stewart Information Services (NYSE:STC)?

Stewart Information Services (NYSE:STC) has increased its annual cash dividend from $1.90 to $2.00 per share.

When will Stewart Information Services (NYSE:STC) pay its next quarterly dividend?

Stewart Information Services (NYSE:STC) will pay its next quarterly dividend of $0.50 per share on September 30, 2024.

What is the record date for Stewart Information Services 's (NYSE:STC) third quarter 2024 dividend?

The record date for Stewart Information Services 's (NYSE:STC) third quarter 2024 dividend is September 16, 2024.

How much has Stewart Information Services (NYSE:STC) increased its quarterly dividend?

Stewart Information Services (NYSE:STC) has increased its quarterly dividend to $0.50 per share, which is part of the new annual dividend of $2.00 per share.