Stewart Information Services hikes dividend by 20%
On September 1, 2022, Stewart Information Services (STC) announced a 20% dividend hike to $0.45 quarterly per share. This increased dividend will be paid on September 30, 2022 to shareholders of record on September 15, 2022. The dividend yield is 3.6% at a stock price of $50.12.
"I am pleased to announce this action in keeping with Stewart's goal of delivering a consistent return on capital to shareholders, both through its operational performance as well as the annual dividend," said Fred Eppinger, Stewart CEO.
Stewart Information Services Corporation is a global real estate services company, offering products and services through its direct operations, network of Stewart Trusted Providers™ and family of companies. STC operates through two segments: title insurance and ancillary services and corporate. The title segment provides services needed to transfer title to property in a real estate transaction and includes services, such as searching, examining, closing and insuring the condition of the title to the property. In addition, the title segment includes home and personal insurance services, tax-deferred exchanges and digital customer engagement platform services. The ancillary services and corporate segment includes appraisal management services, online notarization and closing services, credit and real estate information services, and search and valuation services. STC has business in the United States and has a presence in Australia, Canada and other countries.
