First American Financial Corporation Boosts Quarterly Dividend

Author: Olivia Taylor Updated: 09-10-2024 05:28 PM

First American Financial Corporation Quarterly Dividend Update

First American Financial Corporation (NYSE: FAF), a leading provider of title, settlement, and risk solutions for real estate transactions, has declared a quarterly cash dividend of 54 cents per common share. This marks a 2 percent increase from the previous dividend of 53 cents per share, reflecting the company’s strong financial footing and dedication to returning value to its shareholders.

CEO's Insights on Dividend Increase

Ken DeGiorgio, the Chief Executive Officer of First American Financial Corporation, commented on the increase, stating, "This increase in our cash dividend reflects our continued confidence in the outlook for our business and our ongoing commitment to return capital to our shareholders.” Such statements underscore the organization's focus on maintaining robust performance and rewarding its investors.

Dividend Payments and Shareholder Information

The announced cash dividend is scheduled to be paid on September 27, 2024, to shareholders who are recorded as of September 20, 2024. This payment continues First American's trend of consistent and reliable dividends, signaling a strong governance strategy aimed at financial stability.

Overview of First American Financial Corporation

As a key player in the real estate sector, First American Financial Corporation (NYSE: FAF) has a long history of delivering exceptional title and settlement solutions, rooted in over 135 years of industry experience. The company integrates innovative proprietary technologies and unparalleled data assets to lead digital transformations within the real estate market.

Diverse Range of Services

First American offers a comprehensive range of services, including data products for the title industry, valuation services, mortgage subservicing, home warranty solutions, and banking products. With a total revenue of $6.0 billion reported in 2023, the company continues to expand its reach both domestically and internationally.

Acknowledged Workplace Excellence

In 2024, First American was recognized as one of the 100 Best Companies to Work For by Great Place to Work and Fortune Magazine, marking the ninth consecutive year it has received this honor. Additionally, it was highlighted among the 100 Best Workplaces for Innovators by Fast Company for two consecutive years. These accolades reflect the company’s commitment to fostering a positive and innovative working environment.

Frequently Asked Questions

What recent changes did First American Financial Corporation make to their dividend?

First American Financial Corporation increased its quarterly cash dividend to 54 cents per share, up from 53 cents.

When will the new dividend be paid to shareholders?

The new dividend will be payable on September 27, 2024, to shareholders of record as of September 20, 2024.

Who is the CEO of First American Financial Corporation?

Ken DeGiorgio serves as the Chief Executive Officer of First American Financial Corporation.

What sectors does First American Financial Corporation serve?

First American provides solutions for title, settlement, and risk in real estate transactions, along with data products and mortgage-related services.

How long has First American Financial Corporation been in business?

First American has over 135 years of experience in the title and settlement industry, solidifying its reputation as a trusted provider in real estate solutions.

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