Old Republic International Corporation (ORI) will raise its quarterly dividend by 5.0 percent to $0.21 per share in 2020. Last year the regular dividend was raised by 2.6 percent and the insurance holding company also paid a $1.00 per share special dividend.

The next dividend is payable March 16, 2020 to shareholders of record on March 9, 2020. A new annual dividend rate of 84 cents per share yields 4.3% at a stock price of $19.72.

Chicago-based Old Republic International Corporation is an insurance holding company. Old Republic is primarily a commercial lines underwriter serving the insurance needs of a large number of organizations, including many of America’s leading industrial and financial services institutions. Its subsidiaries actively market, underwrite, and provide risk management services for a wide variety of coverages, mostly in the general and title insurance fields. Old Republic has paid a cash dividend without interruption since the World War II year of 1942. The company traces its beginnings to 1923, although several acquired subsidiaries began operations much earlier.