Retirement Stock Portfolio: 7 Safe Dividend Stocks To Invest In

5. Old Republic International Corporation (NYSE:ORI)

Number of Hedge Fund Holders: 31

Old Republic International Corporation (NYSE:ORI) ranks fifth on our list of the best dividend stocks for a retirement stock portfolio. The company specializes in underwriting insurance policies tailored for businesses, governments, and various institutions. It generates most of its revenue from these policies, which are primarily issued in the US and provide liability coverage for sectors such as trucking, aviation, construction, healthcare, energy, and more. Another significant aspect of its operations is title insurance, which safeguards lenders or buyers in property transactions against claims like unpaid tax liens or other encumbrances on the property. The stock has surged by nearly 24% so far in 2024.

In the third quarter of 2024, Old Republic International Corporation (NYSE:ORI) posted total operating revenue of $2.1 billion, up 10% from the same period last year. Consolidated net premiums and fees earned grew by 9.6%, supported by robust growth in General Insurance and steady gains in Title Insurance. In addition, net investment income rose by 17.3%, fueled by higher investment yields.

Old Republic International Corporation (NYSE:ORI) remained committed to its shareholder obligation, returning $232 million to shareholders through dividends and share repurchases. Its solid cash position has enabled it to issue special dividends on multiple occasions. Most recently, on December 13, it declared another special dividend of $2.00 per share. It pays a quarterly dividend of $0.265 per share and has a dividend yield of 2.91%, as of December 17. The stock is a good option for retirees because the company holds a 44-year streak of consistent dividend growth.

Old Republic International Corporation (NYSE:ORI) was a popular stock among elite funds at the end of Q3 2024, with hedge fund positions growing to 31, from 25 in the previous quarter, according to Insider Monkey’s database. The stakes owned by these funds have a consolidated value of over $362.2 million.