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

First American Financial Corporation (NYSE:FAF) declared 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 of this dividend 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 increased its dividend annually for the last 15 consecutive years. First American Financial has a payout ratio of 35.9% indicating that its dividend is sufficiently covered by earnings. Equities 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 Performance

Shares of FAF traded down $1.19 during trading hours on Wednesday, reaching $66.64. The stock had a trading volume of 267,438 shares, compared to its average volume of 1,028,520. First American Financial has a 12 month low of $53.09 and a 12 month high of $71.47. The stock has a market capitalization of $6.79 billion, a PE ratio of 10.24, a PEG ratio of 0.67 and a beta of 1.28. The company’s 50-day moving average is $64.75 and its two-hundred day moving average is $64.10.

First American Financial (NYSE:FAF) last announced its quarterly earnings results on Wednesday, April 22nd. The insurance provider reported $1.33 EPS for the quarter, beating 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 company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the prior year, the company earned $0.84 EPS. First American Financial’s revenue was up 16.2% compared to the same quarter last year. Equities analysts anticipate that First American Financial will post 6.72 earnings per share for the current fiscal year.

First American Financial Company Profile

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.