Latest news with #ITIC
Irish Independent
14-06-2025
- Entertainment
- Irish Independent
US tourists flock to Dublin for US country music star Zach Bryan's gigs amid surge in North American visitors
The Oklahoma singer-songwriter will play three concerts at Dublin's Phoenix Park from June 20-22 with a predicted attendance of over 180,000. The gigs have delivered bumper bookings for Dublin hotels while pubs and restaurants are set to enjoy a surge in business over the next 10 days. It is predicted that up to 10,000 US fans will visit Ireland, with the concerts a key reason for their holiday here. Dublin tourism will savour its biggest boost since the Garth Brooks concerts of 2022 as, unlike rock acts such as Bruce Springsteen, Taylor Swift and Coldplay, the majority of ticket sales for country artists are outside the capital region. Only 12pc of ticket sales for the Bryan concerts were in the Dublin area – with huge ticket demand in Connacht, Ulster, the UK and North America. Bryan has enjoyed a stratospheric rise to stardom and will play here just two years after performing to 1,900 fans at The Helix in Dublin. The concerts take place as Ireland is savouring a big recovery in US tourist numbers. Latest figures from the Central Statistics Office (CSO) revealed that one in five foreign holidaymakers who visited Ireland in April were from the US. That represented a significant increase in North American visitor numbers compared with March. While the figure (18pc) was down 1pc compared with the same period last year, it represented an 8pc hike compared with the number of US holidaymakers recorded in April 2023. The UK remains Ireland's biggest tourism market with four in every 10 visitors coming from England, Scotland or Wales. The Irish Tourism Industry Confederation (ITIC) said the sector faces multiple challenges ranging from constrained airline seat capacity, global instability, the potential impact of Donald Trump's 'America First' strategy and economic issues on core visitor markets including the UK and Germany. Irish tourism is expected to deliver revenue growth of between 5pc and 7pc, but growth in the overall number of visitors is expected to slip to its lowest rate for years. The European Travel Commission (ETA) has predicted average tourism growth across the 27 member states will exceed 8pc. ADVERTISEMENT However, the ITIC predicted that Ireland will fall behind the EU average – potentially peaking at 5pc growth. Tourism Ireland estimated that the economy received a €7bn boost from tourism last year. Over 300,000 jobs are supported by overseas tourism, with Tourism Ireland aiming to boost the value of the sector to €9bn by 2030. Tourism revenue growth has been boosted by the fact that inflation has eased and Ireland will be able to offer better value for money in accommodation terms thanks to over 7,000 new hotel rooms being delivered by the construction sector. A significant number of hotel and guest house rooms will also be returned to tourism use as refugees are allocated alternative accommodation. Leading hoteliers said 2024 was a good year and this season was expected to deliver further growth. InterContinental Dublin general manager Nicky Logue said US business was strong while UK trade was down on previous years. 'Last year was a very strong year and, bar any great shocks, I predict the same in 2025, albeit with a lot of pressure on the bottom line with increasing costs of doing business,' Mr Logue said. 'Thankfully we performed well year-on-year due to strong group business from the US in particular and rugby. Ireland and Slovenia are the only two European countries where airline seat capacity will decline in 2025 'Leisure business remains strong from the US, but the UK market is definitely not as strong as it has been in years gone by. Corporate business remains challenging with people travelling less and many still working from home a couple of days a week.' Tourism groups said the main 'handbrake on growth' is the passenger cap at Dublin Airport. Ireland and Slovenia are the only two European countries where airline seat capacity will decline in 2025. In Ireland, seat capacity will fall by 3.3pc. That contrasts with countries like the UK (+3.9pc), France (7.1pc), Spain (+8.1pc), Italy (+6.1pc) and Denmark (+8.3pc). An ITIC spokesperson said: 'With 70pc of the Irish tourism economy dependent on international visitation, it is vital that the main gateway into the country has headroom to grow. 'Although there is a court ruling to put a 'stay' on the cap for next summer, the issue of restrictions at Dublin growth is as pertinent as ever. 'This manifested itself last winter in air access into the country being down 3pc – the only top-20 European destination showing a decline. 'Growth at Shannon and Cork Airports must be facilitated, but this will not compensate for lost business at Dublin.' From January 1 to October 31 last year, Ireland welcomed 5.79 million visitors which was an 8pc increase compared with the same period in 2023. Those visitors spent €5.38bn, an increase of 15pc compared with the same period in 2023. However, Ireland experienced a 5pc decline last October in overseas visitor numbers compared to the previous year – a decline largely triggered by a fall in UK visitors.
Yahoo
01-06-2025
- Business
- Yahoo
Investors Title's (NASDAQ:ITIC) Dividend Will Be $0.46
The board of Investors Title Company (NASDAQ:ITIC) has announced that it will pay a dividend of $0.46 per share on the 30th of June. This makes the dividend yield 6.8%, which will augment investor returns quite nicely. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. We like to see robust dividend yields, but that doesn't matter if the payment isn't sustainable. Based on the last payment, Investors Title was paying only paying out a fraction of earnings, but the payment was a massive 137% of cash flows. The business might be trying to strike a balance between returning cash to shareholders and reinvesting back into the business, but this high of a payout ratio could definitely force the dividend to be cut if the company runs into a bit of a tough spot. Over the next year, EPS could expand by 10.8% if the company continues along the path it has been on recently. If the dividend continues on its recent course, the payout ratio in 12 months could be 102%, which is a bit high and could start applying pressure to the balance sheet. Check out our latest analysis for Investors Title Although the company has a long dividend history, it has been cut at least once in the last 10 years. The annual payment during the last 10 years was $0.32 in 2015, and the most recent fiscal year payment was $15.84. This works out to be a compound annual growth rate (CAGR) of approximately 48% a year over that time. Dividends have grown rapidly over this time, but with cuts in the past we are not certain that this stock will be a reliable source of income in the future. With a relatively unstable dividend, it's even more important to see if earnings per share is growing. Investors Title has seen EPS rising for the last five years, at 11% per annum. With a decent amount of growth and a low payout ratio, we think this bodes well for Investors Title's prospects of growing its dividend payments in the future. Overall, we don't think this company makes a great dividend stock, even though the dividend wasn't cut this year. While Investors Title is earning enough to cover the payments, the cash flows are lacking. We would probably look elsewhere for an income investment. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. However, there are other things to consider for investors when analysing stock performance. Case in point: We've spotted 2 warning signs for Investors Title (of which 1 is concerning!) you should know about. Is Investors Title not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
San Francisco Chronicle
08-05-2025
- Business
- San Francisco Chronicle
Investors Title: Q1 Earnings Snapshot
CHAPEL HILL, N.C. (AP) — CHAPEL HILL, N.C. (AP) — Investors Title Co. (ITIC) on Thursday reported earnings of $3.2 million in its first quarter. On a per-share basis, the Chapel Hill, North Carolina-based company said it had profit of $1.67. The insurance company posted revenue of $56.6 million in the period. _____
Washington Post
08-05-2025
- Business
- Washington Post
Investors Title: Q1 Earnings Snapshot
CHAPEL HILL, N.C. — CHAPEL HILL, N.C. — Investors Title Co. (ITIC) on Thursday reported earnings of $3.2 million in its first quarter. On a per-share basis, the Chapel Hill, North Carolina-based company said it had profit of $1.67. The insurance company posted revenue of $56.6 million in the period. _____
Associated Press
26-03-2025
- Business
- Associated Press
Driving Innovation: Taiwan Demo Day Showcases Dynamic US-Taiwan Startup Ecosystem at Plug and Play
SUNNYVALE, CA / ACCESS Newswire / March 26, 2025 / Taiwan Demo Day, held on March 15th, 2025 at Plug and Play Tech Center, brought together over 400 industry elites to witness the latest in AI technology. Hosted by Taiwan Next in collaboration with Plug and Play, the event featured top-tier startups from both Taiwan and the U.S., demonstrating groundbreaking products and forging vital connections with Silicon Valley investors and corporations. Taiwan Demo Day 2025 at Plug and Play. Ten brilliant startup teams from the US and TaiwanMetAI, MirWork, Morale AI, Pixel Canvas, Dealight, pxcode, TranXform, Athleo AI, and RVI. Photo Provided by Taiwan Next. Katie Hsieh, Founder and CEO of Taiwan Next, explained, 'Taiwan Next strives to build a startup ecosystem connecting startups with funding, talent, and technology. By hosting Taiwan Demo Day with Plug and Play, we're opening doors for Taiwanese startups to the U.S. market. Plug and Play's vast experience, evidenced by their successful incubation of companies like Google, PayPal, and Dropbox, and their acceleration of 17,000 startups, provides invaluable resources and opportunities for Taiwan-U.S. exchange.' Over 400 elite professionals attended the Taiwan Demo Day. Ten brilliant startup teams from the US and Taiwan demonstrated their innovative AI technology. Photo provided by Taiwan Next. Johannes Rott, Vice President of Plug and Play, commented, 'At Plug and Play, we are delighted to support the Taiwan Tech Summit Demo Day 2025 and contribute to the growth of this thriving innovation ecosystem. Taiwan has long been a global leader in technology and entrepreneurship, making it a natural fit for our expansion. We are excited to announce the launch of our first Plug and Play location in Taiwan, in Taoyuan City, where we look forward to partnering with local startups, corporations, and investors to drive meaningful innovation and unlock new opportunities for growth.' Johannes Rott, Vice President of Plug and Play, commented, 'At Plug and Play, we are delighted to support the Taiwan Tech Summit Demo Day 2025 and contribute to the growth of this thriving innovation ecosystem. " Photo provided by Taiwan Next. Karen Yu, President of ITIC, Industrial Technology Investment Corporation, who delivered the opening remarks, said, 'When TSMC announced the expansion of its investment in the United States, it signaled Taiwan's leadership in the global technology sector. ITIC, a venture capital firm founded by ITRI, has invested in Taiwan's deep tech startups for the past 45 years, witnessing and contributing to the robust development of the Taiwanese semiconductor industry. Currently, as Taiwan holds a leading position in the AI-driven industrial revolution, ITIC will effectively leverage its unique resources to actively promote collaboration between Taiwan and the U.S. in the AI field. While the U.S. leads in AI software development, AI also requires data and hardware, areas where Taiwan, a strong partner, possesses significant advantages in research and manufacturing. We firmly believe that close cooperation between Taiwan and the U.S. will mutually benefit and accelerate AI application development.' Karen Yu, President of ITIC, Industrial Technology Investment Corporation, who delivered the opening remarks. Photo provided by Taiwan Next. The Spring 2025 Taiwan Demo Day drew numerous applications from Taiwanese startups. After a rigorous selection process, ten elite teams were chosen to present: MetAI, MirWork, Morale AI, Pixel Canvas, Dealight, pxcode, TranXform, Athleo AI, and RVI. Six of these teams were from the U.S., and four traveled from Taiwan, showcasing the dynamic energy of US-Taiwan startups. These teams boasted impressive backgrounds and significant commercial achievements, including Y Combinator alumni, Taiwan's leading NVIDIA-backed startup, Harvard incubator teams, experienced professionals from Amazon and Apple, multi-million dollar revenue ventures, and innovators specializing in AI-optimized semiconductor manufacturing, marketing, sports, and HR technology, as well as digital twin technology. Over 400 elite professionals attended the Taiwan Demo Day. Ten brilliant startup teams from the US and Taiwan demonstrated their innovative AI technology. Photo provided by Taiwan Next. The Taiwan Demo Day successfully established a platform for Taiwan-U.S. startup exchange and collaboration, demonstrating the innovative strength of Taiwanese startups and further promoting cooperation and development in the technology sector. About Taiwan Next: Taiwan Next Foundation is a U.S. 501(c)(3) non-profit organization dedicated to expanding the technological influence of Taiwanese in North America and building a Taiwan-U.S. technology ecosystem. Through startup showcases, talent training, and trend forums, it actively establishes a platform for Taiwan-U.S. technology exchange and collaboration. Its annual flagship event, the Taiwan Tech Summit, is the largest Taiwanese technology event in North America, attracting over 3,500 technology elites to explore technology trends, talent employment, and cross-border technology cooperation. TaiwanNext Foundation Katie Hsieh
