Fidelity National Financial, Inc. (FNF) to Issue Quarterly Dividend of $0.54 on December 31st

Fidelity National Financial, Inc. (NYSE:FNF) declared a quarterly dividend on Friday, November 6th. Investors of record on Thursday, December 17th will be given a dividend of $0.54 per share by the financial services provider on Thursday, December 31st. This represents a $2.16 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Thursday, December 17th. This is a 3.8% increase from Fidelity National Financial’s previous quarterly dividend of $0.52.

Fidelity National Financial has raised its dividend payment by an average of 0.3% per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Fidelity National Financial has a payout ratio of 32.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Fidelity National Financial to earn $5.75 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 37.6%.

Fidelity National Financial Stock Performance

Shares of Fidelity National Financial stock opened at $43.77 on Friday. The stock has a market capitalization of $11.74 billion, a price-to-earnings ratio of 11.17 and a beta of 0.93. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.26 and a quick ratio of 0.26. The business has a 50-day moving average of $41.81 and a 200 day moving average of $47.76. Fidelity National Financial has a 12 month low of $37.88 and a 12 month high of $60.37.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Thursday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.32. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.78 billion. Fidelity National Financial had a net margin of 7.02% and a return on equity of 15.32%. During the same period in the prior year, the firm earned $1.63 earnings per share. As a group, sell-side analysts forecast that Fidelity National Financial will post 5.07 earnings per share for the current year.

About Fidelity National Financial

Fidelity National Financial, Inc (NYSE: FNF) is a provider of title insurance and related services for real estate transactions. Through its title operations, the company offers title searches and insurance, escrow and closing services, and other support for buyers, sellers, lenders, and real estate professionals.

FNF also provides annuity and life insurance products through its F&G business. These offerings include fixed and fixed-indexed annuities and life insurance designed to help individuals and institutions address retirement and financial-protection needs.

The company is headquartered in Jacksonville, Florida, and serves customers primarily in the United States.