By Colin Kellaher
Old Republic International's board has declared a special cash dividend of $2 a share.
The Chicago insurance holding company on Friday said the dividend, which is payable Jan. 15 to shareholders of record Jan. 3, will return about $500 million to its investors.
Old Republic's board earlier this year raised the company's regular quarterly dividend by 8.2% to 26.5 cents and approved a new $1.1 billion share-repurchase program.
The company said about $240 million remains available under the program.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
December 13, 2024 07:53 ET (12:53 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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