Investors Title pays $14.00 special dividend in 2024

Investors Title Co (ITIC) will pay a $14.00 per share special dividend in 2024. The regular quarterly dividend yield is 0.7%. ITIC pays annual special dividends.

On November 11, 2024, Investors Title Company announced that the Company's Board of Directors declared a special cash dividend of $14.00 per share to shareholders of record on December 2, 2024, payable December 16, 2024. The special dividend will be funded through existing cash balances. The Board also declared a regular quarterly cash dividend of $.46 per share to shareholders of record December 2, 2024, payable on December 16, 2024.

ITIC stock trades near its all time high

For ITIC shareholders this will be the biggest special dividend since 2021, when a $18.00 per share special dividend was paid, followed by payments of $3.00 and $4.00 in 2022 and last year. ITIC did not raise its regular dividend since 2021. 

At a stock price of $270 the regular dividend yield for ITIC is 0.7%. This $14.00 per share special dividend will yield 5.2%. Other insurers declaring special dividends recently are American Financial Group (AFG) and RLI Corp (RLI).

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.