First American Financial Corporation (NYSE:FAF) Increases Dividend to $0.61 Per Share

First American Financial Corporation (NYSE:FAF) announced a quarterly dividend on Tuesday, November 3rd. Investors of record on Tuesday, December 8th will be paid a dividend of $0.61 per share by the insurance provider on Tuesday, December 15th. This represents a $2.44 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Tuesday, December 8th. This is a 10.9% increase from First American Financial’s previous quarterly dividend of $0.55.

First American Financial has a payout ratio of 39.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect First American Financial to earn $6.97 per share next year, which means the company should continue to be able to cover its $2.44 annual dividend with an expected future payout ratio of 35.0%.

First American Financial Stock Performance

Shares of NYSE:FAF opened at $64.95 on Wednesday. The firm has a market cap of $6.63 billion, a price-to-earnings ratio of 9.15 and a beta of 1.22. The business has a 50-day simple moving average of $67.31 and a two-hundred day simple moving average of $67.39. First American Financial has a fifty-two week low of $56.20 and a fifty-two week high of $79.87.

First American Financial (NYSE:FAF) last posted its earnings results on Wednesday, October 21st. The insurance provider reported $1.78 EPS for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.07). The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.10 billion. First American Financial had a return on equity of 13.41% and a net margin of 9.05%. During the same period last year, the firm posted $1.84 EPS. As a group, research analysts predict that First American Financial will post 6.94 earnings per share for the current year.

First American Financial Company Profile

First American Financial Corporation (NYSE: FAF) is a provider of title insurance, settlement services and financial technology solutions for the real estate and mortgage industries. Through its First American Title operations, the company helps protect property owners, lenders and other parties against title defects and related risks during real estate transactions.

The company’s services include title searches and examination, title insurance policies, escrow and closing services, and transaction coordination.