Investors Title Company declares special cash dividend.
CHAPEL HILL, N.C: Investors Title Company's Board of Directors declared a special cash dividend of $10.60 per share to shareholders of record on December 3, 2018.
It is payable December 17, 2018. The special dividend will be funded through existing cash balances. The Board also declared a regular quarterly cash dividend of $.40 per share to shareholders of record December 3, 2018, payable on December 17, 2018.
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.
J. Allen Fine, Chairman of the Board of Investors Title Company, said, "The special dividend is a reflection of the Company's recent results, strong financial position, and our confidence in the Company's financial future. Returning capital to shareholders in this manner allows us to maintain our conservative capital structure and preserve the financial flexibility to grow our business, while allowing for ongoing dividend payments and opportunistic share repurchases."
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|Publication:||Daily the Pak Banker (Lahore, Pakistan)|
|Date:||Nov 17, 2018|
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