Stewart Information Services (STC) hikes dividend by 5.3%
Stewart Information Services (STC) hikes dividend by 5.3%
2024 marks 4th consecutive year of increases | 2.7% dividend yield
Stewart Information Services (STC) just announced a 5.3% dividend hike to $0.50 quarterly per share. The Stewart Board of Directors has approved an increase in the Company's annual cash dividend from $1.90 to $2.00 per share, beginning with the third quarterly payment of 2024 of $0.50 per share, payable September 30, 2024, to common stockholders of record on September 16, 2024.
"I am pleased to announce this action in keeping with Stewart's goal of delivering a consistent return on capital to shareholders, both through its operational performance as well as the annual dividend," said Fred Eppinger, Stewart CEO.
At a stock price of $72.95 the dividend yield for STC is 2.7%. Last year the dividend was raised by
Stewart Information Services Corporation is a global real estate services company, offering products and services through its direct operations, network of Stewart Trusted Providers™ and family of companies. STC operates through two segments: title insurance and ancillary services and corporate. The title segment provides services needed to transfer title to property in a real estate transaction and includes services, such as searching, examining, closing and insuring the condition of the title to the property. In addition, the title segment includes home and personal insurance services, tax-deferred exchanges and digital customer engagement platform services. The ancillary services and corporate segment includes appraisal management services, online notarization and closing services, credit and real estate information services, and search and valuation services. STC has business in the United States and has a presence in Australia, Canada and other countries.
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