Old Republic Boosts Quarterly Dividend by 31 Percent to 17 Cents
May 13, 2005
CHICAGO (AP) -- Insurance group Old Republic International Corp. on Thursday raised its quarterly dividend by 31 percent to 17 cents per share, and said it is forming an Office of the CEO.
The company said it would pay the dividend on June 15 to shareholders of record on June 3.
Old Republic also said it is establishing an Office of the Chief Executive Officer, composed of Jim Kellogg, senior vice president-general insurance; Spencer LeRoy, senior VP and General Counsel; Karl Mueller, senior VP and chief financial officer; Chris Nard, senior VP of mortgage guaranty; Rande Yeager, senior VP of title insurance and Al Zucaro, chairman and CEO.
Old Republic sells general insurance -- including commercial, property and auto -- and worker's compensation to businesses.
Shares of its stock closed down 7 cents at $24.18 on the New York Stock Exchange.