Old Republic International (ORI)
The next of our dividend stocks is one you may have heard of: Old Republic International (ORI). Old Republic started back in 1887 and is an insurance company that offers a huge array of products. A lot of insurance products are very high margin, and Old Republic has mastered the art of selling these. Extended Automobile Warranty, Home Warranty an Travel Accident Insurance are great segments to be playing in.
Still, Old Republic handles all the more traditional products like general liability, commercial auto, commercial multi-peril, aviation, inland marine, worker’s comp, and a suite of commercial financial products (surety, fidelity, asset protection).
I like the diversification, and the fact that the company has offered many of these products for anywhere from 30 years to 100 years may explain why it’s paid a dividend for the last 32 years. That dividend is presently at 4.3%.