Old Republic (ORI) Declares $1.00 Special Dividend;Approves $450M Buyback

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Go back to Old Republic (ORI) Declares $1.00 Special Dividend;Approves $450M Buyback

OLD REPUBLIC ANNOUNCES SHARE REPURCHASE AUTHORIZATION AND SPECIAL DIVIDEND

August 19, 2022 7:00 AM EDT

CHICAGO, Aug. 19, 2022 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) today announced its Board of Directors has authorized a $450 million share repurchase program and a special, one-time cash dividend of $1.00 per share. This special dividend is payable on September 15, 2022 to shareholders of record on September 1, 2022. With 309 million shares outstanding at June 30, 2022, the return of capital authorized by the Board through these actions totals approximately $760 million.

Under the share repurchase program, Old Republic may purchase shares on a... More