Real Estate Services Company Increases Dividend Payments

  • Stewart Information Services raises quarterly dividend by 5%
  • Dividend increased to 50 cents a share from 47.5 cents
  • Annual cash dividend now $2 a share from $1.90 a share
  • Payment date set for September 30
  • Shareholders of record on September 16

Stewart Information Services, a real estate services company, has announced an increase in its quarterly dividend by 5%. The new dividend is now set at 50 cents per share, up from the previous 47.5 cents per share. This change brings the annual cash dividend to $2 per share, which was previously $1.90 per share. Shareholders who are recorded as of September 16 will receive the payment on September 30. With an annualized basis, this new dividend offers a yield of approximately 2.7% based on the closing price of $72.95.

Factuality Level: 10
Factuality Justification: The article provides accurate and objective information about the increase in dividend payment by Stewart Information Services, including specific details such as the percentage increase, new amount per share, and the date of payment. It also calculates the annualized yield based on the closing price. There is no sensationalism, redundancy, or personal perspective presented as fact.
Noise Level: 1
Noise Justification: The article provides minimal information and does not offer any analysis or context beyond reporting a simple corporate action. It lacks relevance to broader trends or consequences for stakeholders.
Public Companies: Stewart Information Services (STC)
Key People:

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Financial Relevance: Yes
Financial Markets Impacted: Stewart Information Services
Financial Rating Justification: The article discusses a change in the company’s dividend, which is related to financial topics and impacts the company itself.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.
Move Size: The market move size mentioned in this article is a 5% increase in the quarterly dividend payment.
Sector: Finance
Direction: Up
Magnitude: Small
Affected Instruments: Stocks

Reported publicly: www.marketwatch.com