Old Republic International Corp. (ORI) announced its Board has authorized a $450 million share repurchase. This is is in addition to the recently completed authorization, whereby 19.4 million shares of outstanding common stock were purchased at an average price per share of $23.23 for an aggregate cost of approximately $450 million.
Old Republic also announced its Board has declared a regular quarterly cash dividend on the common stock of 24.5 cents per common share. This dividend is payable on June 15, 2023 to shareholders of record on June 5, 2023. The full year's cash dividend will amount 98 cents per share compared to 92 cents paid in 2022.
Old Republic noted that, since December 31, 2016, it has returned approximately $3.6 billion to shareholders through regular and special cash dividends and share repurchases.
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