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

Investors Title (NASDAQ:ITIC - Get Free Report) declared a quarterly dividend on Monday, August 12th, Zacks reports. Shareholders of record on Tuesday, September 3rd will be given a dividend of 0.46 per share by the insurance provider on Monday, September 16th. This represents a $1.84 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Tuesday, September 3rd.

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

Investors Title Stock Up 0.9 %

ITIC traded up $1.79 during trading on Wednesday, reaching $212.00. The company's stock had a trading volume of 12,299 shares, compared to its average volume of 9,257. The firm has a fifty day simple moving average of $187.79 and a two-hundred day simple moving average of $170.36. Investors Title has a 1 year low of $127.71 and a 1 year high of $213.00. The company has a market cap of $399.41 million, a price-to-earnings ratio of 16.01 and a beta of 0.87.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Investors Title from a "buy" rating to a "hold" rating in a research note 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.