Investors Title Company (NASDAQ:ITIC) Plans $0.46 Quarterly Dividend

Key Points

• Investors Title declared a $0.46 quarterly dividend, payable March 31 to shareholders of record on March 23 (ex-dividend date March 23), implying an annualized payout of $1.84 and a dividend yield of about 0.8%.
• Latest quarterly results showed $3.97 EPS on $69.52 million of revenue; the company has a market capitalization of $424.3M and a P/E of 12.09, with a 52-week trading range of $190.20–$288.98.
• Dividend trend: Investors Title has modestly reduced its dividend over time, averaging a decrease of about 0.1% per year over the past three years.

Investors Title Company (NASDAQ:ITIC - Get Free Report) declared a quarterly dividend on Monday, March 9th. Stockholders of record on Monday, March 23rd will be paid a dividend of 0.46 per share by the insurance provider on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, March 23rd.

Investors Title has decreased its dividend by an average of 0.1%per year over the last three years.

Investors Title Stock Down 1.1%

Investors Title stock opened at $224.49 on Tuesday. The firm has a market capitalization of $424.29 million, a P/E ratio of 12.09 and a beta of 0.67. Investors Title has a 52-week low of $190.20 and a 52-week high of $288.98. The firm has a fifty day moving average of $249.52 and a 200-day moving average of $256.35.

Investors Title (NASDAQ:ITIC - Get Free Report) last released its earnings results on Tuesday, February 17th. The insurance provider reported $3.97 EPS for the quarter. Investors Title had a return on equity of 13.22% and a net margin of 12.90%.The company had revenue of $69.52 million during the quarter.

About Investors Title

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. It offers services in connection with tax-deferred exchanges of like-kind property; acts as a qualified intermediary in tax-deferred exchanges of property; coordinates the exchange aspects of the real estate transaction, such as drafting standard exchange documents, holding the exchange funds between the sale of the old property and the purchase of the new property, and accepting the formal identification of the replacement property.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.