First American Financial Corporation (FAF) To Go Ex-Dividend on June 8th

First American Financial Corporation (NYSE:FAF) announced a quarterly dividend on Tuesday, May 12th. Investors of record on Monday, June 8th will be given a dividend of 0.55 per share by the insurance provider on Monday, June 15th. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Monday, June 8th.

First American Financial has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 15 consecutive years. First American Financial has a payout ratio of 35.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect First American Financial to earn $7.18 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 30.6%.

First American Financial Stock Up 1.6%

FAF stock opened at $66.97 on Friday. The business has a 50 day moving average price of $65.72 and a 200 day moving average price of $64.60. The stock has a market cap of $6.82 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 0.63 and a beta of 1.24. First American Financial has a fifty-two week low of $53.09 and a fifty-two week high of $71.47.

First American Financial (NYSE:FAF) last issued its quarterly earnings data on Wednesday, April 22nd. The insurance provider reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.27. First American Financial had a return on equity of 12.58% and a net margin of 8.73%.The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the business earned $0.84 earnings per share. The firm’s revenue for the quarter was up 16.2% on a year-over-year basis. As a group, sell-side analysts anticipate that First American Financial will post 6.81 EPS for the current year.

About First American Financial

First American Financial Corporation is a leading provider of title insurance, settlement services and diversified real estate-related data and analytics. Headquartered in Santa Ana, California, the company serves customers throughout the United States as well as in Canada, Europe, Latin America and Asia. Its business is built on the underwriting capabilities of its title insurance operations combined with comprehensive closing and escrow services for homebuyers, sellers, mortgage lenders and real estate professionals.

The company’s title insurance segment issues policies that protect property owners and mortgage lenders against defects in titles, liens or encumbrances that can arise during real property transactions.