First American Financial Corporation raises quarterly dividend
First American Financial Corporation (NYSE: FAF), a provider of title, settlement, and risk solutions for real estate transactions, has declared a quarterly cash dividend of 54 cents per common share. The new rate is up from 53 cents, a 2 percent increase. It’s a measured step that signals confidence and a continued focus on returning capital to shareholders.
CEO perspective on the increase
Ken DeGiorgio, Chief Executive Officer of First American Financial Corporation, said, “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.” The comment reinforces the company’s steady view of its business and its intent to share results with investors.
Key dates for shareholders
The cash dividend is scheduled to be paid on September 27, 2024, to shareholders of record as of September 20, 2024. With this announcement, First American extends its long-running pattern of consistent, on-time dividend payments.
About First American Financial Corporation
First American Financial Corporation (NYSE: FAF) brings more than 135 years of experience to title and settlement services. The company pairs proprietary technology with deep data resources to support digital progress across the real estate market.
What the company offers
Its services span data products for the title industry, valuation services, mortgage subservicing, home warranty solutions, and banking products. In 2023, First American reported total revenue of $6.0 billion and continued to grow its presence in the United States and abroad.
Recognition as a workplace
In 2024, Great Place to Work and Fortune Magazine named First American one of the 100 Best Companies to Work For—its ninth consecutive year on the list. The company was also recognized by Fast Company among the 100 Best Workplaces for Innovators for two years running. These honors reflect a sustained emphasis on a positive, inventive workplace.
Frequently Asked Questions
What’s changing with the dividend?
First American Financial Corporation increased its quarterly cash dividend to 54 cents per common share, up from 53 cents—a 2 percent increase.
When are the record date and payment date?
Shareholders of record as of September 20, 2024, will receive the dividend on September 27, 2024.
Who leads the company?
Ken DeGiorgio is the Chief Executive Officer of First American Financial Corporation.
What services does First American provide?
The company offers title, settlement, and risk solutions for real estate transactions, along with data products, valuation services, mortgage subservicing, home warranty solutions, and banking products.
How long has First American been operating?
First American has more than 135 years of experience in title and settlement services.
