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Old Republic International Corporation Message Board

  • bluelightspcl bluelightspcl Feb 24, 2011 5:18 PM Flag

    The dreaded penny

    Dividend boost was one cent. That's usually a bad sign when co's boost by a penny a quarter but these guys boosted a penny for the whole year. Comes under the heading of "can you spare it?"

    I know it's better than nothing. I know it's certainly better than a cut. But it tells you that they're getting stretched on cash and they're doing as little as humanly possible to continue to maintain their "Dividend Achiever" status.

    A number of fund hold ORI based on their track record of dividend hikes. If the Company broke the string of increases, all of these funds would have sold and there's already a fair amount of pressure on this stock.

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