Investors Title Company (NASDAQ:ITIC) Declares Quarterly Dividend of $0.46

Investors Title Company (NASDAQ:ITIC) announced a quarterly dividend on Monday, March 9th. Stockholders of record on Monday, March 23rd will be given a dividend of 0.46 per share by the insurance provider on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, March 23rd.

Investors Title has decreased its dividend payment by an average of 0.1%per year over the last three years.

Investors Title Price Performance

NASDAQ:ITIC opened at $224.49 on Tuesday. The firm has a market capitalization of $424.29 million, a price-to-earnings ratio of 12.09 and a beta of 0.67. The business has a 50 day simple moving average of $249.52 and a 200-day simple moving average of $256.35. Investors Title has a 1 year low of $190.20 and a 1 year high of $288.98.

Investors Title (NASDAQ:ITIC) last issued its earnings results on Tuesday, February 17th. The insurance provider reported $3.97 earnings per share (EPS) for the quarter. Investors Title had a net margin of 12.90% and a return on equity of 13.22%. The firm had revenue of $69.52 million during the quarter.

About Investors Title

Investors Title Company engages in the issuance of residential and commercial title insurance for residential, institutional, commercial, and industrial properties. The company underwrites land title insurance for owners and mortgagees as a primary insurer; and assumes the reinsurance of title insurance risks from other title insurance companies. It offers services in connection with tax-deferred exchanges of like-kind property; acts as a qualified intermediary in tax-deferred exchanges of property; coordinates the exchange aspects of the real estate transaction, such as drafting standard exchange documents, holding the exchange funds between the sale of the old property and the purchase of the new property, and accepting the formal identification of the replacement property.