Fidelity National Financial, Inc. (NYSE:FNF) to Issue $0.52 Quarterly Dividend

Fidelity National Financial, Inc. (NYSE:FNF) announced a quarterly dividend on Thursday, August 6th. Investors of record on Wednesday, September 16th will be paid a dividend of 0.52 per share by the financial services provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Wednesday, September 16th.

Fidelity National Financial has increased its dividend payment by an average of 0.3%annually over the last three years and has raised its dividend every year for the last 1 years. Fidelity National Financial has a payout ratio of 31.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Fidelity National Financial to earn $5.95 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 35.0%.

Fidelity National Financial Stock Up 2.9%

Shares of FNF opened at $52.56 on Friday. The stock’s 50 day moving average is $48.99 and its two-hundred day moving average is $49.94. Fidelity National Financial has a 12 month low of $42.78 and a 12 month high of $61.40. The firm has a market cap of $14.15 billion, a P/E ratio of 18.56, a PEG ratio of 0.77 and a beta of 0.95. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.31 by $0.08. Fidelity National Financial had a return on equity of 15.98% and a net margin of 5.03%.The firm had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the prior year, the company earned $1.16 EPS. The firm’s revenue was up 11.4% compared to the same quarter last year. Analysts predict that Fidelity National Financial will post 5.11 earnings per share for the current fiscal year.

Fidelity National Financial Company Profile

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.