Stewart Information Services Corp (STC) Plans $0.30 Quarterly Dividend

Stewart Information Services Corp (NYSE:STC) declared a quarterly dividend on Monday, March 4th, Wall Street Journal reports. Stockholders of record on Friday, March 15th will be paid a dividend of 0.30 per share by the insurance provider on Friday, March 29th. This represents a $1.20 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Thursday, March 14th.

Stewart Information Services has increased its dividend payment by an average of 14.5% annually over the last three years. Stewart Information Services has a dividend payout ratio of 48.4% indicating that its dividend is sufficiently covered by earnings.

Get Stewart Information Services alerts:

Shares of STC stock traded down $0.16 on Monday, hitting $42.80. The stock had a trading volume of 56,802 shares, compared to its average volume of 153,957. Stewart Information Services has a twelve month low of $39.13 and a twelve month high of $45.75. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 19.75 and a beta of 0.75. The company has a quick ratio of 2.65, a current ratio of 2.62 and a debt-to-equity ratio of 0.16.

Stewart Information Services (NYSE:STC) last announced its quarterly earnings results on Thursday, February 14th. The insurance provider reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.12). Stewart Information Services had a net margin of 2.49% and a return on equity of 7.63%. The firm had revenue of $469.93 million during the quarter. During the same period last year, the business earned $0.74 earnings per share. Research analysts expect that Stewart Information Services will post 2.97 earnings per share for the current year.

Several equities research analysts recently commented on the stock. Zacks Investment Research cut shares of Stewart Information Services from a “hold” rating to a “sell” rating in a research report on Saturday, November 17th. ValuEngine cut shares of Stewart Information Services from a “buy” rating to a “hold” rating in a research report on Thursday, January 17th. Finally, Cormark reaffirmed an “average” rating on shares of Stewart Information Services in a research report on Friday, February 15th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $45.50.

COPYRIGHT VIOLATION WARNING: “Stewart Information Services Corp (STC) Plans $0.30 Quarterly Dividend” was published by Ticker Report and is owned by of Ticker Report. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international copyright & trademark laws. The original version of this piece can be read at https://www.tickerreport.com/banking-finance/4196940/stewart-information-services-corp-stc-plans-0-30-quarterly-dividend.html.

About Stewart Information Services

Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction services. The company operates in two segments, Title Insurance and Related Services, and Ancillary Services and Corporate. The Title Insurance and Related Services segment is involved in searching, examining, closing, and insuring the condition of the title to real property.

See Also: Why are percentage decliners important?