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

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

First American Financial has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 15 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 $7.41 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%.

First American Financial Trading Down 2.3%

FAF opened at $71.14 on Thursday. The company has a market cap of $7.26 billion, a price-to-earnings ratio of 9.85, a PEG ratio of 0.67 and a beta of 1.21. The company’s 50 day moving average is $73.06 and its 200 day moving average is $68.51. First American Financial has a 12-month low of $56.20 and a 12-month high of $79.87.

First American Financial (NYSE:FAF) last announced its earnings results on Wednesday, July 22nd. The insurance provider reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.28. First American Financial had a net margin of 9.33% and a return on equity of 13.31%. The business had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the prior year, the company earned $1.53 earnings per share. The firm’s revenue was up 15.0% on a year-over-year basis. As a group, analysts predict that First American Financial will post 7.11 EPS for the current fiscal year.

First American Financial Company Profile

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.