Investors Title (NASDAQ:ITIC) Plans Dividend Increase – $14.46 Per Share

Investors Title (NASDAQ:ITIC) announced a quarterly dividend on Monday, November 11th,Zacks Dividends reports. Investors 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 yield of 21.17%. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change from Investors Title’s previous quarterly dividend of $0.46.

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

Investors Title Stock Up 0.9 %

Shares of NASDAQ:ITIC traded up $2.51 during trading on Wednesday, reaching $273.21. 5,324 shares of the company’s stock traded hands, compared to its average volume of 10,661. Investors Title has a fifty-two week low of $141.41 and a fifty-two week high of $275.48. The company has a 50-day simple moving average of $232.24 and a 200-day simple moving average of $202.04. The firm has a market cap of $513.63 million, a PE ratio of 18.09 and a beta of 0.85.

Analyst Upgrades and Downgrades

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

About Investors Title

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.