Investors Title Company's Board of Directors declared a special cash dividend of $14.00 per share for shareholders. This significant dividend will be paid on December 16, 2024, to shareholders of record as of December 2, 2024. The company confirmed that this special dividend will be funded through its existing cash balances.
In addition to the special dividend, the Board also declared a regular quarterly cash dividend of $0.46 per share. This regular dividend maintains the company's consistent return of capital to shareholders. It will also be payable on December 16, 2024, to shareholders of record on December 2, 2024.
The declaration of both a substantial special dividend and a regular quarterly dividend highlights Investors Title Company's robust financial position. This move demonstrates the company's confidence in its liquidity and ability to generate sustainable cash flow, reinforcing its commitment to shareholder returns.
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