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HOUSTON - Stewart Information Services Corporation (NYSE:STC) has declared a quarterly cash dividend of $0.50 per share, scheduled for distribution at the end of March. The company, a notable player in the global real estate services sector with a market capitalization of $1.98 billion, announced the dividend will be payable on March 31, 2025, to shareholders on record as of March 17, 2025. According to InvestingPro data, the company maintains a healthy current ratio of 1.86, indicating strong liquidity position.
The declaration of this dividend follows Stewart Information Services Corporation’s established practice of providing returns to its shareholders and reflects the company’s financial position and its commitment to sharing profits with investors. InvestingPro analysis reveals the company has maintained dividend payments for 22 consecutive years and has raised its dividend for 4 consecutive years, with a current yield of 2.81%. For deeper insights into STC’s dividend sustainability and growth potential, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
Stewart Information Services Corporation operates in the real estate industry, providing a variety of services including residential and commercial title insurance, closing and settlement services, as well as specialized offerings for the mortgage industry. The company prides itself on delivering comprehensive services and expertise necessary for real estate transactions through its direct operations, network of Stewart Trusted Providers™, and a family of companies.
This dividend announcement is consistent with the company’s previous distributions and is based on a press release statement from Stewart Information Services Corporation. Shareholders looking forward to the upcoming payment will need to hold shares before the record date to be eligible for the dividend.
The dividend is part of Stewart Information Services Corporation’s approach to offering value to its shareholders and is a reflection of the company’s performance and strategic financial management. It is important for investors to note that future dividends will be subject to Board approval and may be adjusted as per the company’s earnings, financial health, and market conditions.
For those invested in the real estate services market, this dividend payout from Stewart Information Services Corporation represents a continued commitment to shareholder returns, underlining the company’s stability and adherence to its dividend policy. The stock has delivered a strong 15.9% return over the past year, and InvestingPro analysis indicates the company is currently trading near its Fair Value, with analysts setting price targets between $75 and $83 per share.
In other recent news, Stewart Information Services Corp reported stronger-than-expected earnings for the fourth quarter of 2024. The company achieved earnings per share (EPS) of $1.12, surpassing the forecasted $0.96, and reported revenue of $665.9 million against a forecast of $634.6 million. Despite this positive performance, the company revised its full-year revenue guidance downward to a range of $235 million to $240 million, indicating potential challenges in maintaining growth momentum. Meanwhile, Sangoma Technologies Corp has been focusing on high-margin recurring revenue streams to drive future growth. The company has also been realigning its strategy by shifting away from lower-margin hardware sales and investing in core business areas. Sangoma’s financial position has strengthened, with a notable reduction in net debt, enabling it to accelerate the divestiture of non-core assets. Additionally, Sangoma has been expanding its partner ecosystem and refining its strategies to capitalize on mid-market opportunities.
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