Stewart Information Services Corp (NYSE:STC) declared a quarterly dividend on Friday, May 31st, RTT News reports. Shareholders of record on Friday, June 14th will be given a dividend of 0.30 per share by the insurance provider on Friday, June 28th. This represents a $1.20 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend is Thursday, June 13th.

Stewart Information Services has increased its dividend by an average of 14.5% per year over the last three years. Stewart Information Services has a payout ratio of 48.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Stewart Information Services to earn $3.67 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 32.7%.

Shares of STC traded up $0.13 during mid-day trading on Wednesday, hitting $41.66. The stock had a trading volume of 7,226 shares, compared to its average volume of 145,002. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.81 and a quick ratio of 3.81. Stewart Information Services has a 52 week low of $39.47 and a 52 week high of $45.75. The firm has a market cap of $989.47 million, a PE ratio of 19.29 and a beta of 0.63.

Stewart Information Services (NYSE:STC) last issued its earnings results on Thursday, April 25th. The insurance provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.11). The company had revenue of $398.52 million for the quarter. Stewart Information Services had a net margin of 2.38% and a return on equity of 7.41%. Sell-side analysts anticipate that Stewart Information Services will post 2.47 earnings per share for the current fiscal year.

A number of equities analysts have recently issued reports on STC shares. Zacks Investment Research downgraded Stewart Information Services from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Cormark reiterated an “average” rating on shares of Stewart Information Services in a research report on Friday, February 15th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Stewart Information Services presently has a consensus rating of “Hold” and an average price target of $46.33.

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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.

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Dividend History for Stewart Information Services (NYSE:STC)

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