Old Republic International Corporation (ORI) will hike its dividend by 4.8 percent to 22 cents per share in 2021. Last year the company paid a special cash dividend of $1.00 per share and raised its quarterly dividend by 5.0 percent to $0.21 per share. The insurance holding company has now raised its dividend 40 consecutive years.

The next dividend will be paid on March 15, 2021 to shareholders of record on March 9, 2021. A regular annual dividend rate of 88 cents per share yields 3.7% at a stock price of $23.52.

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.