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

Investors Title (NASDAQ:ITIC) declared a quarterly dividend on Monday, August 12th, Zacks reports. Stockholders of record on Tuesday, September 3rd will be paid a dividend of 0.46 per share by the insurance provider on Monday, September 16th. This represents a $1.84 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Tuesday, September 3rd.

Investors Title has increased its dividend payment by an average of 1.5% annually over the last three years.

Investors Title Stock Performance

Investors Title stock traded up $0.84 during trading hours on Wednesday, reaching $211.05. 6,044 shares of the company’s stock traded hands, compared to its average volume of 9,217. Investors Title has a fifty-two week low of $127.71 and a fifty-two week high of $213.00. The firm has a market capitalization of $397.62 million, a price-to-earnings ratio of 15.91 and a beta of 0.87. The firm’s 50 day moving average is $187.03 and its 200-day moving average is $170.07.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Investors Title from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th.

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.