First American Financial Corporation (FAF) To Go Ex-Dividend on December 8th

First American Financial Corporation (NYSE:FAF) announced a quarterly dividend on Tuesday, November 4th. Investors of record on Monday, December 8th will be paid a dividend of 0.55 per share by the insurance provider on Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, December 8th.

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 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 analysts expect First American Financial to earn $5.86 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 37.5%.

First American Financial Stock Down 0.3%

Shares of NYSE FAF opened at $64.60 on Friday. The stock’s 50-day simple moving average is $62.83 and its two-hundred day simple moving average is $61.85. First American Financial has a twelve month low of $53.09 and a twelve month high of $69.53. The firm has a market capitalization of $6.58 billion, a P/E ratio of 13.89 and a beta of 1.27.

First American Financial (NYSE:FAF) last issued its quarterly earnings results on Thursday, October 23rd. The insurance provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.28. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.87 billion. First American Financial had a return on equity of 11.01% and a net margin of 6.80%.The company’s revenue for the quarter was up 40.7% on a year-over-year basis. During the same quarter last year, the company posted $1.34 EPS. As a group, research analysts anticipate that First American Financial will post 5.35 EPS for the current fiscal year.

About First American Financial

First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Home Warranty segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services internationally.