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

Investors Title (NASDAQ:ITIC) announced a quarterly dividend on Monday, August 12th, Zacks reports. Shareholders 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 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% per year over the last three years.

Investors Title Stock Up 0.2 %

Shares of ITIC traded up $0.49 during midday trading on Wednesday, reaching $210.70. 5,139 shares of the stock were exchanged, compared to its average volume of 9,211. Investors Title has a twelve month low of $127.71 and a twelve month high of $213.00. The company has a market cap of $396.96 million, a P/E ratio of 15.91 and a beta of 0.87. The stock’s 50 day simple moving average is $187.03 and its 200 day simple moving average is $170.07.

Analyst Ratings Changes

Separately, StockNews.com downgraded Investors Title from a “buy” rating to a “hold” rating in a 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.