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

Investors Title (NASDAQ:ITIC) declared a quarterly dividend on Monday, November 11th,Zacks Dividends reports. Shareholders 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 annualized dividend and a dividend yield of 21.20%. The ex-dividend date is Monday, December 2nd. This is a positive change from Investors Title’s previous quarterly dividend of $0.46.

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

Investors Title Price Performance

Shares of ITIC stock traded up $2.19 during trading hours on Wednesday, hitting $272.89. The stock had a trading volume of 8,671 shares, compared to its average volume of 10,677. The stock’s 50-day moving average price is $232.24 and its two-hundred day moving average price is $202.04. Investors Title has a one year low of $141.41 and a one year high of $275.48. The stock has a market capitalization of $513.03 million, a price-to-earnings ratio of 18.08 and a beta of 0.85.

Analyst Ratings Changes

Separately, StockNews.com upgraded Investors Title from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th.

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.