Investors Title Declares Quarterly Dividend of $0.46 (NASDAQ:ITIC)

Investors Title (NASDAQ:ITIC) announced a quarterly dividend on Monday, March 10th, Wall Street Journal reports. Investors of record on Monday, March 24th will be given a dividend of 0.46 per share by the insurance provider on Monday, March 31st. This represents a $1.84 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Monday, March 24th.

Investors Title has raised its dividend payment by an average of 0.4% annually over the last three years.

Investors Title Price Performance

Investors Title stock opened at $237.43 on Friday. Investors Title has a 12-month low of $146.41 and a 12-month high of $290.40. The company has a market capitalization of $447.32 million, a price-to-earnings ratio of 14.45 and a beta of 0.97. The firm’s fifty day moving average price is $230.64 and its 200 day moving average price is $239.30.

Investors Title (NASDAQ:ITIC) last posted its quarterly earnings results on Thursday, February 13th. The insurance provider reported $4.41 EPS for the quarter. The business had revenue of $70.63 million during the quarter. Investors Title had a net margin of 12.03% and a return on equity of 11.84%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Investors Title from a “hold” rating to a “buy” rating in a research report on Saturday.

Investors Title Company Profile

Investors Title Company engages in the issuance of residential and commercial title insurance for residential, institutional, commercial, and industrial properties. The company underwrites land title insurance for owners and mortgagees as a primary insurer; and assumes the reinsurance of title insurance risks from other title insurance companies.