First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance and settlement services for real estate transactions, today announced that its board of directors has approved a new stock repurchase plan, which authorizes the repurchase of up to $150 million of the company’s common stock. Purchases may be made from time to time by the company in the open market at prevailing market prices or in privately negotiated transactions.
The board also declared a regular quarterly cash dividend of 6 cents per common share. The cash dividend is payable on April 15, 2011, to stockholders of record as of March 31, 2011.
About First American
First American Financial Corporation is a leading provider of title insurance and settlement services to the real estate and mortgage industries, that traces its heritage back to 1889. First American and its affiliated companies also provide 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. With revenues of $3.9 billion in 2009, the company offers its products and services directly and through its agents and partners in all 50 states and abroad. More information about the company can be found at www.firstam.com .
|Media Contact:||Investor Contact:|
|Carrie Navarifar||Craig Barberio|
|Media Relations Manager||Director of Investor Relations|
|First American Financial Corporation||First American Financial Corporation|
|(714) 250-3298||(714) 250-5214|
CONTACT: Media, Carrie Navarifar, Media Relations Manager, +1-714-250-3298, or Investors, Craig Barberio, Director of Investor Relations, +1-714-250-5214, both of First American Financial Corporation
Web Site: http://www.firstam.com
Tagged with: (NYSE: FAF) • Board of directors • Business • Common stock • Companies • Company • Dividend • First American Corporation • First American Financial Corporation • Industry • Insurance • Investor relations • Markets • New York Stock Exchange • Real estate • Stock repurchase • Title Insurance • Title insurance in the United States
Filed under: Business
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