Chicago-based Old Republic International Corp. declared a higher quarterly cash dividend on its common stock of 17 cents per share.
This represents an increase of about 6.3 percent over the prior quarterly and annual rates of 16 cents and 64 cents, respectively. The common stock dividend is payable June 16 to shareholders of record June 6.
Old Republic International has paid common stock dividends without interruption since 1942. With this latest increase, the annual rate will have been raised for 22 consecutive years. The company currently has approximately 120.6 million common shares outstanding.
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