Investors Title (NASDAQ:ITIC) to Issue $0.40 Quarterly Dividend

Investors Title (NASDAQ:ITIC) declared a quarterly dividend on Thursday, May 17th, RTT News reports. Investors of record on Friday, June 15th will be paid a dividend of 0.40 per share by the insurance provider on Friday, June 29th. This represents a $1.60 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Thursday, June 14th.

Shares of Investors Title stock opened at $184.70 on Thursday. Investors Title has a 1 year low of $162.67 and a 1 year high of $221.88. The company has a market cap of $352.31 million, a P/E ratio of 17.65 and a beta of 0.63.

Investors Title (NASDAQ:ITIC) last issued its quarterly earnings data on Tuesday, May 8th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter. Investors Title had a return on equity of 11.55% and a net margin of 16.12%. The firm had revenue of $33.78 million during the quarter.

Separately, BidaskClub upgraded Investors Title from a “sell” rating to a “hold” rating in a research report on Tuesday, April 24th.

Investors Title Company Profile

Investors Title Company, through its subsidiaries, provides 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.

Dividend History for Investors Title (NASDAQ:ITIC)

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