-- New Dividend Represents a 12 Percent Increase --
SANTA ANA, Calif.
--(BUSINESS WIRE)--
First American Financial Corporation
(NYSE: FAF),
a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today announced that its board of directors has declared a quarterly cash dividend of
38 cents
per common share, a 12 percent increase over the prior level of
34 cents
per common share.
“This increase in our dividend reflects our continuing confidence in the long-term prospects for our business and our steadfast commitment to deliver returns to our shareholders,” said
Dennis J. Gilmore
, chief executive officer at
First American Financial Corporation
.
The cash dividend is payable on
Sept. 15, 2017
to shareholders of record as of
Sept. 8, 2017
.
About
First American
First American Financial Corporation
(NYSE: FAF)
is a leading provider of title insurance, settlement services and risk solutions for real estate transactions that traces its heritage back to 1889.
First American
also provides title plant management services; title and other real property records and images; valuation products and services; home warranty products; property and casualty insurance; and banking, trust and investment advisory services. With total revenue of
$5.6 billion
in 2016, the company offers its products and services directly and through its agents throughout
the United States
and abroad. In 2016 and again in 2017,
First American
was named to the
Fortune
100 Best Companies to Work For
®
list. More information about the company can be found at
www.firstam.com
.
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Source:
First American Financial Corporation