Old Republic (ORI) Declares $1.00 Special Dividend; 4.8% Yield

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Go back to Old Republic (ORI) Declares $1.00 Special Dividend; 4.8% Yield

Old Republic Reports On Notable Financial Matters And Events For The Final Quarter Of 2017; Company Declares Special, One-Time Cash Dividend Of $1.00 Per Share

December 21, 2017 1:43 PM EST

CHICAGO, Dec. 21, 2017 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) today announced notable transactions and events affecting its financial statements for the fourth quarter and year ending on December 31, 2017.

Revenue-wise Old Republic will report net realized investment gains of approximately $150 million in this year's final quarter. The fourth quarter gains, which are substantially higher than gains realized in comparable periods in recent years, stem from managed sales of investment portfolio securities whose values had risen to higher than expected levels over the course of 2017's strong securities market. In last... More