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

First American Financial Corporation (NYSE:FAF) announced a quarterly dividend on Tuesday, May 12th. Stockholders of record on Monday, June 8th will be paid a dividend of 0.55 per share by the insurance provider on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Monday, June 8th.

First American Financial has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 15 consecutive years. First American Financial has a dividend payout ratio of 35.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect First American Financial to earn $7.13 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 30.9%.

First American Financial Stock Down 1.8%

Shares of FAF traded down $1.21 during mid-day trading on Wednesday, reaching $66.63. The company had a trading volume of 281,738 shares, compared to its average volume of 1,028,638. First American Financial has a 52-week low of $53.09 and a 52-week high of $71.47. The stock has a market capitalization of $6.79 billion, a P/E ratio of 10.26, a PEG ratio of 0.67 and a beta of 1.28. The stock has a 50 day moving average of $64.75 and a two-hundred day moving average of $64.10.

First American Financial (NYSE:FAF) last issued its earnings results on Wednesday, April 22nd. The insurance provider reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.27. First American Financial had a return on equity of 12.58% and a net margin of 8.73%.The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the business earned $0.84 earnings per share. The company’s revenue was up 16.2% compared to the same quarter last year. On average, sell-side analysts expect that First American Financial will post 6.72 earnings per share for the current year.

About First American Financial

First American Financial Corporation is a leading provider of title insurance, settlement services and diversified real estate-related data and analytics. Headquartered in Santa Ana, California, the company serves customers throughout the United States as well as in Canada, Europe, Latin America and Asia. Its business is built on the underwriting capabilities of its title insurance operations combined with comprehensive closing and escrow services for homebuyers, sellers, mortgage lenders and real estate professionals.

The company’s title insurance segment issues policies that protect property owners and mortgage lenders against defects in titles, liens or encumbrances that can arise during real property transactions.