Thursday Is Your Last Chance To Buy Investors Title Before The Dividend Payout

Thursday marks the last chance for investors to receive the next dividend payout from Investors Title (NASDAQ:ITIC).

What's Happening

The company announced on Monday that it would pay shareholders a quarterly dividend of 46 cents per share. On Friday, Investors Title will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 46 cents lower than it would have opened on any other day.

In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own ITIC as of the end of Thursday's session are eligible to receive the 46 cents dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on March 29, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

Track real-time stock fluctuations for Investors Title on Benzinga.