This new payout brings the company’s annual dividend to $2.44 per share. At Wednesday's closing price of $71.11, the adjustment results in an annual yield of 3.4%. Investors on the books by September 28 are eligible for the distribution, which the company scheduled for payment on October 5.
First American Financial Lifts Dividend Payout
Shareholders of First American Financial will see their quarterly income climb following an 11% dividend hike. The company confirmed it is raising its cash distribution to 61 cents per share, up from the previous 55-cent rate, as it seeks to bolster returns for its investor base.
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