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

Investors Title Company (NASDAQ:ITIC) declared a quarterly dividend on Wednesday, May 20th. Investors of record on Monday, June 15th will be paid 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 payment by an average of 0.1%per year over the last three years.

Investors Title Stock Performance

Shares of ITIC stock opened at $243.74 on Thursday. The stock has a market capitalization of $460.67 million, a P/E ratio of 12.13 and a beta of 0.67. The company has a 50 day moving average price of $229.92 and a 200 day moving average price of $246.73. Investors Title has a fifty-two week low of $190.20 and a fifty-two week high of $288.98.

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

Investors Title Company Profile

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.