other material
confidence high
sentiment positive
materiality 0.55
Old Republic declares 24.5¢ quarterly dividend, authorizes $450M share repurchase
OLD REPUBLIC INTERNATIONAL CORP
- Regular quarterly cash dividend of 24.5¢ per share payable June 15, 2023 to holders of record June 5, 2023.
- Annualized dividend rate $0.98/share, a 6.5% increase from $0.92 in 2022; 42nd straight annual increase.
- Board authorized new $450M share repurchase program with no expiration; prior $450M program bought 19.4M shares at avg $23.23.
- Since Dec 2016, Old Republic returned ~$3.6B to shareholders through dividends and buybacks.