First American Financial Corporation Increases Quarterly Cash Dividend to 52 Cents Per Share

Rhea-AI Summary

First American Financial Corporation (NYSE: FAF) announced a quarterly cash dividend of 52 cents per share, marking a 2% increase from the previous 51 cents. This decision reflects the company's confidence in its business prospects and commitment to shareholder returns. The dividend will be payable on September 15, 2022, to shareholders on record as of September 8, 2022. The firm, recognized as a leader in title, settlement, and risk solutions for real estate transactions, reported total revenue of $9.2 billion in 2021.

Positive

• Quarterly cash dividend increased by 2% to 52 cents per share, showcasing confidence in business prospects.
• Strong financials with total revenue of $9.2 billion in 2021, indicating a stable business foundation.

Negative

• None.

SANTA ANA, Calif.--(BUSINESS WIRE)-- First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced that its board of directors has declared a quarterly cash dividend of 52 cents per common share, a 2 percent increase over the prior level of 51 cents per common share.

“This increase in the cash dividend reflects our continued confidence in the prospects for our business and our long-standing commitment to return capital to our shareholders,” said Ken DeGiorgio, chief executive officer of First American Financial Corporation.

The cash dividend is payable on September 15, 2022 to shareholders of record as of September 8, 2022.

About First American

First American Financial Corporation (NYSE: FAF) is a premier provider of title, settlement and risk solutions for real estate transactions. With its combination of financial strength and stability built over more than 130 years, innovative proprietary technologies, and unmatched data assets, the company is leading the digital transformation of its industry. First American also provides data products to the title industry and other third parties; valuation products and services; mortgage subservicing; home warranty products; banking, trust and wealth management services; and other related products and services. With total revenue of $9.2 billion in 2021, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2022, First American was named one of the 100 Best Companies to Work For by Great Place to Work^® and Fortune Magazine for the seventh consecutive year. More information about the company can be found at www.firstam.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220823005862/en/

Media Contact:

Marcus Ginnaty

Corporate Communications

First American Financial Corporation

714-250-3298

Investor Contact:

Craig Barberio

Investor Relations

First American Financial Corporation

714-250-5214

Source: First American Financial Corporation

FAQ

What is the new dividend amount for First American Financial Corporation (FAF)?

The new quarterly cash dividend amount for FAF is 52 cents per share.

When is the dividend payment date for FAF?

The dividend payment date for FAF is September 15, 2022.

What was the previous dividend amount for FAF before the increase?

The previous dividend amount for FAF was 51 cents per share.

What revenue did First American Financial Corporation report in 2021?

First American Financial Corporation reported total revenue of $9.2 billion in 2021.