Investors Title hikes dividend by 4.5%

Investors Title Co (ITIC) will raise its quarterly dividend by 4.5 percent to 46 cents per share in 2021. This follows a dividend hike of 10.0 percent to 44 cents per share in 2020. This is the 2nd dividend hike by the insurer since 2017. The company did pay significant special dividends the last couple of years with a special dividend of $8.00 per share paid in 2019 and a $15.00 per share special dividend in 2020.

The next dividend will be paid June 30, 2021 to shareholders of record on June 15, 2021. The regular annual dividend of $1.84 per share yields 1.0% at a stock price of $184.

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.