CHICAGO, Nov. 21, 2016 /PRNewswire/ -- The Board of
Directors of Old Republic International Corporation (NYSE:
ORI) today declared a quarterly cash dividend on the common stock
of 18.75 cents per share. This
dividend is payable December 15,
2016, to shareholders of record on December 5, 2016. Subject to Board approval
of each quarter's new rate, the full year's cash dividend will
amount to 75 cents per share compared
to 74 cents paid in 2015.
This latest dividend increase marks the 35th
consecutive year that Old Republic has boosted its cash dividend
rate, and 2016 becomes the 75th year of uninterrupted
cash dividend payments.
About Old Republic
Chicago-based Old Republic
International Corporation is one of the nation's 50 largest
publicly held insurance organizations. Its most recent financial
statements reflect consolidated assets of approximately
$18.8 billion and common
shareholders' equity of $4.4 billion,
or $17.13 per share. Its current
stock market valuation is approximately $4.6
billion, or $17.88 per
share.
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 lines has devolved
to a run-off operating mode in recent years.
For the latest news releases and other
corporate documents on Old Republic, please write to:
Investor Relations
Old Republic
International Corporation
307 North Michigan Avenue •
Chicago, IL 60601
312-346-8100
or visit us at www.oldrepublic.com
Further
Information Contacts:
|
AT OLD
REPUBLIC:
|
AT FINANCIAL
RELATIONS BOARD:
|
A. C. Zucaro:
Chairman & CEO
|
Analysts/Investors:
Marilynn Meek
|
(312)
346-8100
|
(212)
827-3773
|
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SOURCE Old Republic International Corp.