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Old Republic International Corporation Message Board

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  • ori.investor ori.investor Oct 26, 2012 3:28 PM Flag

    Looking for yield.

    IMO the dividend is secure. They were able to pay it and increase it in the middle of the financial crisis. There's no problem doing both now. However, I don't expect a big bump in the dividend for several years. But I do think they will continue to raise it 1 cent per year for the next few years. Which is OK, given that you start with 7% now.

    I don't see much upside due to housing. I think the upside will occur as investors seek yield, and they realize that the dividend is secure. Right now there is skepticism over that.

    Sentiment: Strong Buy

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