First American Financial Corporation (NYSE:FAF) Announces $0.55 Quarterly Dividend

First American Financial Corporation (NYSE:FAF – Get Free Report) announced a quarterly dividend on Wednesday, September 16th. Investors of record on Monday, September 28th will be given a dividend of 0.55 per share by the insurance provider on Monday, October 5th. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, September 28th.

First American Financial has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 15 years. First American Financial has a payout ratio of 35.9% meaning its dividend is sufficiently covered by earnings. Analysts expect First American Financial to earn $7.41 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 29.7%.

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First American Financial Stock Down 2.3%

Shares of NYSE FAF opened at $71.14 on Thursday. The firm’s 50-day moving average price is $73.06 and its two-hundred day moving average price is $68.51. First American Financial has a 52-week low of $56.20 and a 52-week high of $79.87. The stock has a market capitalization of $7.26 billion, a P/E ratio of 9.85, a P/E/G ratio of 0.67 and a beta of 1.21.

First American Financial (NYSE:FAF – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The insurance provider reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.28. The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.03 billion. First American Financial had a return on equity of 13.31% and a net margin of 9.33%.The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.53 EPS. As a group, equities research analysts expect that First American Financial will post 7.11 earnings per share for the current year.

First American Financial Company Profile

(Get Free Report)

First American Financial Corporation (NYSE: FAF) provides title insurance, settlement services and risk solutions for real estate transactions. Through its title insurance operations, the company protects property buyers, lenders and other parties against certain losses arising from defects in ownership records, liens and other title-related issues.

The company also offers escrow and closing services, real estate data and analytics, valuation products, and technology solutions designed to support mortgage lenders, real estate professionals, homebuilders and commercial property participants.

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