secwatch.observer — SEC 8-K summary
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Issuer:     OLD REPUBLIC INTERNATIONAL CORP (ORI)
CIK:        0000074260
Form:       8-K
Filed at:   2023-05-12T23:59:59+00:00
Accession:  0000074260-23-000042
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Old Republic declares 24.5¢ quarterly dividend, authorizes $450M share repurchase
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/74260/000007426023000042/0000074260-23-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/74260/000007426023000042/ori-20230512.htm
  HTML page:      https://secwatch.observer/filing/0000074260-23-000042

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