First American Financial Corporation Increases Quarterly Cash Dividend to 53 Cents Per Share

Rhea-AI Summary

First American Financial Corporation (NYSE: FAF) announces a 2% increase in quarterly cash dividend to 53 cents per common share.

Positive

• 2% increase in quarterly cash dividend to 53 cents per common share

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 53 cents per common share, a 2 percent increase over the prior level of 52 cents per common share.

“Our decision to increase the cash dividend signals our continued confidence in the outlook 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, 2023 to shareholders of record as of September 8, 2023.

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 $7.6 billion in 2022, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2023, First American was named one of the 100 Best Companies to Work For by Great Place to Work^® and Fortune Magazine for the eighth consecutive year and was named to the Fast Company Best Workplaces for Innovators list for the first time. More information about the company can be found at www.firstam.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230822083780/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