Stewart Information Services Corp (NYSE:STC) announced a quarterly dividend on Friday, August 30th, NASDAQ reports. Shareholders of record on Monday, September 16th will be paid a dividend of 0.30 per share by the insurance provider on Monday, September 30th. This represents a $1.20 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Friday, September 13th.

Stewart Information Services has increased its dividend payment by an average of 14.5% per year over the last three years. Stewart Information Services has a payout ratio of 48.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Stewart Information Services to earn $3.12 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 38.5%.

Shares of NYSE:STC traded up $1.63 during trading on Wednesday, hitting $36.13. 952,000 shares of the company’s stock were exchanged, compared to its average volume of 155,189. The company has a current ratio of 3.75, a quick ratio of 3.75 and a debt-to-equity ratio of 0.31. The firm has a market cap of $800.75 million, a P/E ratio of 16.73 and a beta of 0.56. The firm has a 50-day moving average price of $36.21 and a two-hundred day moving average price of $40.65. Stewart Information Services has a 1-year low of $32.61 and a 1-year high of $45.75.

Stewart Information Services (NYSE:STC) last announced its quarterly earnings data on Thursday, July 25th. The insurance provider reported $0.81 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.08). Stewart Information Services had a net margin of 2.24% and a return on equity of 6.87%. The business had revenue of $472.08 million during the quarter. As a group, research analysts predict that Stewart Information Services will post 2.62 EPS for the current year.

Separately, Zacks Investment Research cut Stewart Information Services from a “buy” rating to a “sell” rating in a report on Friday, June 7th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $46.33.

Stewart Information Services Company Profile

Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction services. The company operates in two segments, Title Insurance and Related Services, and Ancillary Services and Corporate. The Title Insurance and Related Services segment is involved in searching, examining, closing, and insuring the condition of the title to real property.

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Dividend History for Stewart Information Services (NYSE:STC)

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