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

Investors Title Company (NASDAQ:ITIC) declared a quarterly dividend on Wednesday, May 20th. Stockholders of record on Monday, June 15th will be given a dividend of 0.46 per share by the insurance provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, June 15th.

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

Investors Title Trading Up 2.4%

Shares of ITIC opened at $243.74 on Thursday. The business’s 50 day moving average is $229.92 and its 200 day moving average is $246.73. The company has a market capitalization of $460.67 million, a PE ratio of 12.13 and a beta of 0.67. Investors Title has a 12-month low of $190.20 and a 12-month high of $288.98.

Investors Title (NASDAQ:ITIC) last issued its earnings results on Thursday, May 7th. The insurance provider reported $3.20 earnings per share (EPS) for the quarter. Investors Title had a return on equity of 14.03% and a net margin of 13.59%.The company had revenue of $63.49 million for 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.