Investors Title Co (ITIC) Doubles Qtr. Dividend to 16c/Share; Yields 0.8%; Increases Buyback

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Go back to Investors Title Co (ITIC) Doubles Qtr. Dividend to 16c/Share; Yields 0.8%; Increases Buyback

Investors Title Company Board Increases Quarterly Dividend and Adds to Share Repurchase Authorization

November 11, 2015 4:15 PM EST

CHAPEL HILL, N.C.--(BUSINESS WIRE)-- Investors Title Company announced today that the Company's Board of Directors declared a cash dividend of $.16 per share to shareholders of record on December 1, 2015, payable December 15, 2015, doubling the dividend of $.08 per share paid in recent quarters. In addition, the Board increased its share repurchase authorization by 163,335 shares of Company common stock, bringing the total repurchase authorization up to 500,000 shares.

The Boards decisions to increase both cash dividends and shares authorized for repurchase continue the Boards and managements long-term practice and reflects its confidence in the Companys... More