Early Retirement Portfolio: 10 Stocks to Live Off Dividends

8. Old Republic International Corporation (NYSE:ORI)

Dividend Yield as of January 6: 3.06%

Old Republic International Corporation (NYSE:ORI) is an American property insurance and title insurance company. The company focuses on providing insurance policies designed for businesses, governments, and various institutions. Its primary revenue comes from these policies, mainly issued within the US, offering liability coverage across industries such as trucking, aviation, construction, healthcare, and energy. In addition, the company plays a key role in title insurance, protecting lenders or buyers in property transactions from issues like unpaid tax liens or other property-related claims. With a 12-month return of over 15%, ORI is one of the best dividend stocks for an early retirement portfolio.

In Q3 2024, Old Republic International Corporation (NYSE:ORI) reported a total operating revenue of $2.1 billion, marking a 10% increase from the previous year. The company saw a 9.6% rise in consolidated net premiums and fees, driven by strong performance in General Insurance and consistent growth in Title Insurance. Moreover, net investment income grew by 17.3%, benefiting from higher investment returns.

Old Republic International Corporation (NYSE:ORI) has demonstrated its dedication to shareholders by distributing $232 million through dividends and share buybacks. The company’s strong cash reserves have allowed it to issue special dividends several times, with the latest being a $2.00 per share dividend announced on December 13. Currently, it offers a quarterly dividend of $0.265 per share, yielding 3.06% as of January 6. With a 44-year track record of continuous dividend growth, this stock is an attractive option for retirees seeking reliable income.

Old Republic International Corporation (NYSE:ORI) was included in 31 hedge fund portfolios at the end of Q3 2024, up from 25 in the previous quarter, according to Insider Monkey’s database. The stakes owned by these hedge funds have a consolidated value of over $362.2 million. With nearly 3 million shares, Arrowstreet Capital was the company’s leading stakeholder in Q3.