Stewart Information Services Corporation Declares Annual Dividend
November 17, 2004
HOUSTON, /PRNewswire-FirstCall/ -- The Board of Directors of Stewart Information Services Corp. (NYSE: STC) today declared a regular annual cash dividend of $.46 per share, payable December 20, 2004, to Common stockholders of record December 6, 2004. This represents the same amount declared in 2003.
"We strive to enhance shareholder wealth by growing book value and the annual payment of a cash dividend," said Malcolm S. Morris, chairman. "We continue the policy of setting the annual dividend at a rate that allows the Company to continue our successful acquisition program which has been accretive to earnings and book value growth."
"We have made a lot of progress in taking our offices paperless, putting the closing file on line allowing all the parties to the transaction to view the transaction process and have set the stage for use of electronic signatures to execute the closing documents. This will allow our associates to provide a Magnificent Customer Experience to our customers," said Stewart Morris Jr., president. "Intelligent application of technology with the use of process flow studies guides us to be more productive, more profitable and provide better service to our customers."
Source: Stewart Information Services