Old Republic Intl's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Old Republic Intl (NYSE:ORI) has announced a quarterly dividend of 24.5 cents per share. The stock will go ex-dividend on Friday, meaning it will trade lower to reflect the payout. Shareholders who own ORI as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on September 15, 2023.
August 29, 2023 | 2:45 pm
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Old Republic Intl's stock is expected to trade lower on Friday due to the ex-dividend date. The dividend will be paid out on September 15, 2023.
The stock is expected to trade lower on the ex-dividend date as the price will adjust to reflect the dividend payout. This is a common occurrence and does not reflect negatively on the company's performance. The dividend payout is a positive sign of the company's profitability and ability to return capital to shareholders.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100