JACKSONVILLE, Fla. - Fidelity National Financial , Inc. (NYSE:FNF), a major player in the provision of title insurance and transaction services, has declared a quarterly cash dividend of $0.48 per common share. The payment is scheduled for June 28, 2024, for shareholders who are on record by June 14, 2024.
The company, which is recognized as the largest title insurance firm in the United States, operates through several underwriters, including Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title, and National Title of New York. These underwriters collectively issue more title insurance policies than any other company in the nation.
In addition to its title insurance and real estate services, Fidelity National Financial also extends into the financial sector through its majority-owned subsidiary, F&G Annuities & Life, Inc. (NYSE:FG). This branch of the company provides insurance solutions to both retail annuity and life customers, as well as institutional clients.
This latest dividend announcement continues Fidelity National Financial's practice of returning value to its shareholders and reflects the company's stable financial position. The decision to pay out dividends is typically seen as a sign of a company's confidence in its current profitability and future financial health.
Fidelity National Financial's operations span across various aspects of real estate transactions, including title insurance, which is a staple in the process of buying and selling real estate in the United States. Title insurance protects both real estate owners and lenders against potential losses that could arise from defects in the title to a property.
InvestingPro Insights
Fidelity National Financial (NYSE:FNF) has been a consistent performer in the financial services sector, particularly noted for its robust dividend track record. An InvestingPro Tip highlights that FNF has not only maintained but raised its dividend payments for 20 consecutive years, showcasing a reliable return to its investors. Additionally, the company has been trading near its 52-week high, with the price at the previous close standing at 52.15 USD, which is 96.6% of its 52-week high, indicating strong market confidence in its stock.
From a financial performance standpoint, FNF's market capitalization stands at a solid 14.25 billion USD, with a price to earnings (P/E) ratio of 27.38 as of the last twelve months ending Q4 2023. This suggests that investors are willing to pay a higher price for earnings, potentially due to expectations of future growth. The company's revenue has seen a growth of 33.36% in Q4 2023, signaling a significant increase in business activity during this period.
For investors seeking further insights and metrics, InvestingPro offers additional tips on FNF, including expectations of net income growth this year and a high return over the past decade. To explore these valuable insights, visit InvestingPro and discover the full range of tips available. Remember to use the coupon code PRONEWS24 to get an extra 10% off a yearly or biyearly Pro and Pro+ subscription, providing you with an even greater advantage in your investment decisions. There are currently 9 additional tips listed on InvestingPro for FNF, which could further enrich your investment strategy.
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