Timing this pullback might be difficult. Several factors (tech, fed, fuel) seem to be complicating the picture. No party horns and confetti for earnings, but no reason to be fearful either. I will start to add incrementally if/when we pass below 17. JMO
It has been a penny the past couple of years. I would guess it might be that again, although .02 wouldn't be irrational. Board holds a lot of shares.
This is showing some resilience in this down market. I will look to add some more this week. The only bright spot in my portfolio right now.
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ORI closed right at $18.00 today and I added right at $18 to my position. ORI is my largest holding as it is a classic Dividend Aristocrat but also with decent growth. You also have a good history of increasing dividends. The perfect stock to ride out this sick market. Anything under $18 is a steal as you have a minimum of 10% upside on the stock price plus a 4% yield. I'll take 14% annually on my money any day of the week.
Sentiment: Strong Buy
With some volatility ahead for awhile, I think I will look to buy on some dips. No one is going to feel good in this political season, and this is just way safer than a lot of others.
No glitz about it. Just very solid. I wish I had more. It is sure fun when that dividend drops into the account like it did earlier this week.
ORI traded 1 1/2 times normal daily volume today and yields 4.05% with a PE Ratio of 13. They consistently have raised their dividend and this is a classic core holding for just about anyone's portfolio. With a price target north of $25 and very little downside - you should be able to count on at least a 15% annual return for many years to come. I would add on any weakness under $19 and hold for the long-term. Hard to go wrong with this great Company.
Sentiment: Strong Buy
At 13%+ over the past 12 months, it appears that ORI is really sitting nicely at present. Certainly, would imply that the Dividend will go up again this year. I would think every retirement portfolio could use a dose of ORI.