First American Financial Corporation Increases Quarterly Cash Dividend to 54 Cents Per Share

9/10/24 5:15:00 PM ET

Specialty Insurers

Finance

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

"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," said Ken DeGiorgio, chief executive officer of First American Financial Corporation.

The cash dividend is payable on September 27, 2024 to shareholders of record as of September 20, 2024.

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 135 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 $6.0 billion in 2023, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2024, First American was named one of the 100 Best Companies to Work For by Great Place to Work^® and Fortune Magazine for the ninth consecutive year, and named one of the 100 Best Workplaces for Innovators by Fast Company for the second 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/20240910730593/en/

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Date	Price Target	Rating	Analyst
4/8/2025	$75.00	Mkt Perform → Outperform	Keefe Bruyette
12/10/2024	$80.00	Outperform → Mkt Perform	Keefe Bruyette
3/21/2024	$66.00 → $69.00	Mkt Perform → Outperform	Keefe Bruyette
1/10/2024		Buy	Deutsche Bank
11/15/2023	$53.00	Equal Weight	Barclays
7/18/2023		Neutral	BTIG Research
2/10/2023	$65.00 → $72.00	Equal-Weight → Overweight	Stephens
12/15/2022	$61.00	Outperform → Mkt Perform	Keefe Bruyette

First American Financial Corporation Increases Quarterly Cash Dividend to 54 Cents Per Share

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Recent Analyst Ratings for
$FAF

First American Financial Corporation Increases Quarterly Cash Dividend to 54 Cents Per Share

Chat with this insight

Recent Analyst Ratings for $FAF

Recent Analyst Ratings for
$FAF