First American Financial Increases Dividend by 1.9% in 2023: A 12-Year Streak of Growth.

In a significant move for investors, First American Financial Corporation (FAF) made a noteworthy announcement on August 22, 2023. The company declared a dividend hike of 1.9%, pushing the quarterly per share payout to $0.53. This move underscores First American Financial's commitment to providing consistent value to its shareholders.

The next FAF cash dividend is payable on September 15, 2023 to shareholders of record as of September 8, 2023. The new $2.12 per share annual dividend yields 3.5% at a stock price of $59.85. Last year FAF announced a dividend hike of 2.0%.

“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.

First American Financial Corporation is a provider of title insurance, settlement services and risk solutions for real estate transactions. First American also provides title plant management services; title and other real property records and images; valuation products and services; home warranty products; property and casualty insurance; and banking, trust and investment advisory services. The company offers its products and services directly and through its agents throughout the United States and abroad. First American Financial Corporation has been paying a dividend to shareholders every year since 2008.