Fidelity National Financial, Inc. (FNF) will raise its quarterly dividend by 9.1 percent to 36 cents per share in 2020. This comes after a 10 percent dividend hike to $0.33 per share in 2019 by the insurance company.

The next dividend will be payable December 31, 2020, to stockholders of record as of December 17, 2020. A new annual rate of $1.44 per share yields 3.1% at a stock price of $31.29. The company will now pay an estimated annual dividend of $420 million to shareholders.

Fidelity National Financial, Inc. is a provider of title insurance and transaction services to the real estate and mortgage industries. FNF is the nation's largest title insurance company through its title insurance underwriters Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title and National Title of New York. The company went public in 1987 and has paid a dividend every year since 2006.