First American Financial Corporation announces 11% increase in quarterly cash dividend

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—Increases the share buyback authorization by $ 300 million—

SANTA ANA, Calif .– (BUSINESS WIRE) –
First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk management solutions for real estate transactions, today announced that its board of directors has declared a quarterly cash dividend of 51 cents per share ordinary, an increase of 11% from the previous level of 46 cents per share. ordinary share.

The cash dividend is payable on September 15, 2021 to shareholders of record on September 8, 2021.

The company also announced that its board of directors has increased the size of the company’s share repurchase plan from $ 300 million to $ 600 million. Purchases may be made by the Company from time to time on the open market at prevailing market prices or in privately negotiated transactions. After this authorization increase, the company still has $ 472 million in authorization under the plan.

“Our decision to increase the dividend and our repurchase authorization reflects our confidence in the prospects for our business in the short and long term,” said Dennis J. Gilmore, Managing Director of First American Financial Corporation. “It also demonstrates our long-standing commitment to return capital to shareholders. ”

About First American

First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance, settlement services and risk management solutions for real estate transactions with a heritage dating back to 1889. First American also provides title factory management services; title and other records and images of real estate; assessment products and services; home warranty products; banking, trust and wealth management services; and other related products and services. With total sales of $ 7.1 billion in 2020, the company offers its products and services directly and through its agents in the United States and abroad. In 2021, First American was appointed to Fortune List of the 100 Best Companies to Work for® for the sixth year in a row. You can find more information about the company at www.firstam.com.

Media contact:

Marcus Ginaty

Business communication

America’s leading financial company

714-250-3298

Investor contact:

Craig barberio

Investor Relations

America’s leading financial company

714-250-5214

Source: First American Financial Corporation


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