Old Republic International (NYSE:ORI) is ensuring that its shareholders get a little change in their pockets this quarter. The company has declared a quarterly dividend of $0.18 per share of its common stock, to be paid on June 14 to shareholders of record as of June 4. This amount matches the company's preceding distribution, which was handed out in March. Prior to that, Old Republic paid $0.1775.
The firm plans to maintain the current $0.18 over the next two quarters, subject to approval from its board of directors.
That dividend annualizes to $0.72 per share, which yields 5.1% at Old Republic's current stock price of $14.00.
Fool contributor Eric Volkman has no position in Old Republic International. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.