First American Financial Corporation (FAF) To Go Ex-Dividend on March 9th

First American Financial Corporation (NYSE:FAF) declared a quarterly dividend on Wednesday, January 21st. Shareholders of record on Monday, March 9th will be given a dividend of 0.55 per share by the insurance provider on Monday, March 16th. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date is Monday, March 9th.

First American Financial has increased its dividend payment 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. Research 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 Trading Up 2.6%

Shares of FAF stock opened at $65.09 on Friday. First American Financial has a twelve month low of $53.09 and a twelve month high of $68.64. The stock has a fifty day simple moving average of $62.85 and a two-hundred day simple moving average of $62.77. The stock has a market capitalization of $6.63 billion, a price-to-earnings ratio of 14.00 and a beta of 1.27.

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