CHICAGO, Aug. 21, 2013 /PRNewswire/ -- The Board of Directors of Old Republic International Corporation (NYSE: ORI) today declared a quarterly cash dividend on the common stock of 18 cents per share. This dividend is payable September 16, 2013, to shareholders of record on September 6, 2013. Subject to Board approval of each quarter's new rate, the full year's cash dividend will amount to 72 cents per share compared to 71 cents paid in 2012.
This latest dividend increase marks the 32 nd consecutive year that Old Republic has boosted its cash dividend rate, and 2013 becomes the 72 nd 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 $16.29 billion and common shareholders' equity of $3.58 billion, or $13.95 per share. Its current stock market valuation is approximately $3.8 billion, or $14.67 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.
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