This will have a major impact on Old Republic's Title Insurance divisions as some Lenders will now refuse to accept ORI title insurance policies. ORI is watching a worst case scenario unfold for them right now. They will have to raise some significant capital if they are to remain in business.
The dividend isn't secure, but I think they'll try to pay it. If ORI works itself out of this mess without cutting the dividend - and then they continue to increase it annually as they have for decades - then this could be an extremely profitable 5 year investment.
It makes me nervous to hold a lot of this stock, but I do. The yield is now 7%.
A little less risky but still with a generous yield, take a look at CINF. I own it, too. CINF has raised its dividend every year even longer than ORI has.
I think both could be great long term holds. But if there is a double dip recession, they could cut their dividends. I'm betting they won't - and it is a "bet"!