Investors Title Company Board Increases Quarterly Dividend
17 August 2017 - 2:01AM
Business Wire
Investors Title Company announced today that the Company’s Board
of Directors declared a cash dividend of $.40 per share to
shareholders of record on September 1, 2017, payable September 15,
2017, a 14.3% increase per share over the $.35 paid in the most
recent quarter.
“The decision to increase the cash dividend over the prior
quarter reflects the Board’s and management’s confidence in the
Company’s strategy and ability to continue to generate sustainable
cash flow,” said J. Allen Fine, Chairman of the Board of Investors
Title Company.
Investors Title Company is a publicly-held North Carolina
company whose stock is traded on The NASDAQ Global Select
Market.
Investors Title Company is engaged in the business of issuing
and underwriting title insurance policies. The Company also
provides services in connection with tax-deferred exchanges of
like-kind property as well as investment management services to
individuals, companies, banks and trusts.
Certain statements contained herein may constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements may
include, among others, statements regarding future repurchases of
our common stock. These statements involve a number of risks and
uncertainties that could cause actual results to differ materially
from anticipated and historical results. Such risks and
uncertainties include, without limitation: the cyclical demand for
title insurance due to changes in the residential and commercial
real estate markets; the occurrence of fraud, defalcation or
misconduct; variances between actual claims experience and
underwriting and reserving assumptions, including the limited
predictive power of historical claims experience; declines in the
performance of the Company’s investments; government regulation;
changes in the economy; the possible loss of agency relationships,
or significant reduction in agent-originated business and other
considerations set forth under the caption “Risk Factors” in the
Company’s Annual Report on Form 10-K for the year ended December
31, 2016, as filed with the Securities and Exchange Commission, and
in its subsequent Quarterly Reports on Form 10-Q.
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Investors Title CompanyL. Dawn Martin, 919-968-2200
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