Investors Title (NASDAQ:ITIC) to Issue Quarterly Dividend of $14.46

Investors Title (NASDAQ:ITIC) announced a quarterly dividend on Monday, November 11th,Zacks Dividends reports. Investors of record on Monday, December 2nd will be given a dividend of 14.46 per share by the insurance provider on Monday, December 16th. This represents a $57.84 dividend on an annualized basis and a dividend yield of 20.19%. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from Investors Title’s previous quarterly dividend of $0.46.

Investors Title has raised its dividend payment by an average of 1.5% per year over the last three years.

Investors Title Trading Up 0.4 %

Investors Title stock opened at $286.51 on Friday. The business’s 50 day simple moving average is $246.14 and its 200 day simple moving average is $212.22. Investors Title has a 12 month low of $141.41 and a 12 month high of $290.40. The company has a market cap of $539.78 million, a price-to-earnings ratio of 18.96 and a beta of 0.85.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Investors Title from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th.

About Investors Title

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.