Old Republic Declares A Special, One-Time Cash Dividend Of $1.00 Per Share
At its most recent quarterly meeting, the Board of Directors evaluated a number of factors critical to the long-term management of
- The Company's long-term strategy and required capital resources to ensure sustainability of its integrated multi-insurance coverages, and industry-focused underwriting specializations; and
- The capital position of the insurance underwriting subsidiaries to which substantially all of the Company's financial resources are committed.
With this review, the Board of Directors concluded that currently available unregulated liquid funds are appropriately sufficient to allow the payment of this one-time special dividend in a fair and equitable manner to all shareholders of record.
All told, during the past five years, the Board of Directors will now have declared regular and special cash dividends of nearly
About
The nature of
ORI |
Selected Indices' Compounded Total Annual Returns |
|||||
Annual Book Value Compounded Total Return |
Annual Market Value Compounded Total Return |
Nominal Gross Domestic Product |
S & P 500 Index |
S & P Insurance Index |
||
Ten Years 2000 - 2009 |
9.5% |
7.4% |
4.1% |
-1.0% |
-3.7% |
|
Ten Years 2010 - 2019 |
7.7% |
14.8% |
4.0% |
13.6% |
12.4% |
|
Twenty Years 2000 - 2019 |
8.6% |
11.0% |
4.1% |
6.1% |
4.1% |
According to the most recent edition of
For
Please visit us at www.oldrepublic.com |
||
Alternatively, please write or call: Investor Relations (312) 346-8100 |
View original content:http://www.prnewswire.com/news-releases/old-republic-declares-a-special-one-time-cash-dividend-of-1-00-per-share-301196130.html
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