The First American Corporation Announces 25 Percent Increase In Quarterly Cash Dividend
December 13, 2002
SANTA ANA, Calif., Dec. 12 /PRNewswire-FirstCall/ -- The First American Corporation (NYSE: FAF - News), a ntaional diversified provider of business information and related products and services, announced that its board of directors has approved an increase in the company's quarterly cash dividend from 8 cents per common share to 10 cents per common share, representing an increase of 25 percent.
The cash dividend is payable on Jan. 15, 2003, to shareholders of record as of Dec. 31, 2002. First American has paid a cash dividend for each of the last 93 years.
"Our board of directors has approved this dividend increase in an effort to enhance the overall value of our stock, demonstrating their confidence in First American's future," said Parker S. Kennedy, president of The First American Corporation. "We are pleased to share the benefits of our strong performance with our shareholders."
Source: The First American Corporation