CHAPEL HILL, N.C.--(BUSINESS WIRE)--Investors Title Company announced today that the Company's Board of Directors declared a cash dividend of $.35 per share to shareholders of record on June 15, 2017, payable June 30, 2017, a 75% increase per share over the $.20 paid in recent quarters.
“The decision to increase the cash dividend for a second time within twelve months is consistent with the Company’s plans to return capital to shareholders, and reflects the Board’s and management’s confidence in the Company’s strategy and ability to continue to generate sustainable cash flow,” said J. Allen Fine, Chairman of the Board of Investors Title Company.
Investors Title Company is a publicly-held North Carolina company whose stock is traded on The NASDAQ Global Select Market.
Investors Title Company is engaged in the business of issuing and underwriting title insurance policies. The Company also provides services in connection with tax-deferred exchanges of like-kind property as well as investment management services to individuals, companies, banks and trusts.
Certain statements contained herein may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, among others, statements regarding future repurchases of our common stock. These statements involve a number of risks and uncertainties that could cause actual results to differ materially from anticipated and historical results. Such risks and uncertainties include, without limitation: the cyclical demand for title insurance due to changes in the residential and commercial real estate markets; the occurrence of fraud, defalcation or misconduct; variances between actual claims experience and underwriting and reserving assumptions, including the limited predictive power of historical claims experience; declines in the performance of the Company’s investments; government regulation; changes in the economy; the possible loss of agency relationships, or significant reduction in agent-originated business and other considerations set forth under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016, as filed with the Securities and Exchange Commission, and in its subsequent Quarterly Reports on Form 10-Q.