Investors Title pays special dividend
Investors Title (ITIC) will pay a special dividend of $8.00 per share in 2019. Last year the insurer paid a $10.60 per share special dividend. The regular quarterly dividend is 40 cents per share.
The special dividend will be paid December 16, 2019 to shareholders of record on December 2, 2019. The special dividend yields 4.9% at a stock price of $164.
“The special dividend is a reflection of the Company’s recent results, strong financial position, and our confidence in the Company’s financial future. Returning capital to shareholders in this manner allows us to maintain our conservative capital structure and preserve the financial flexibility to grow our business, while allowing for ongoing dividend payments and opportunistic share repurchases,” said J. Allen Fine, Chairman of the Board of Investors Title Company.
Investors Title Company is engaged in the business of issuing and underwriting title insurance policies. The Company also provides services in connection with tax-deferred exchanges of like-kind property as well as investment management services to individuals, companies, banks and trusts.
The special dividend will be paid December 16, 2019 to shareholders of record on December 2, 2019. The special dividend yields 4.9% at a stock price of $164.
“The special dividend is a reflection of the Company’s recent results, strong financial position, and our confidence in the Company’s financial future. Returning capital to shareholders in this manner allows us to maintain our conservative capital structure and preserve the financial flexibility to grow our business, while allowing for ongoing dividend payments and opportunistic share repurchases,” said J. Allen Fine, Chairman of the Board of Investors Title Company.
Investors Title Company is engaged in the business of issuing and underwriting title insurance policies. The Company also provides services in connection with tax-deferred exchanges of like-kind property as well as investment management services to individuals, companies, banks and trusts.
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