Old Republic International Says It Authorized $1.10 Billion Share Repurchase Program,
Portfolio Pulse from Benzinga Newsdesk
Old Republic International (ORI) has announced a new $1.10 billion share repurchase program and an increase in its quarterly cash dividend to 26.5 cents per share, payable on March 21, 2024. This represents an 8.2% increase from the previous year's dividend, with the annual dividend rising to $1.06 per share from $0.98.
March 01, 2024 | 12:13 pm
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Old Republic International announced a $1.10 billion share repurchase program and increased its quarterly dividend to 26.5 cents per share, indicating a strong financial position and commitment to returning value to shareholders.
The announcement of a significant share repurchase program and an increase in dividends typically signals a company's confidence in its financial health and future prospects. This can lead to positive investor sentiment and potentially increase the stock price in the short term.
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