The First American Corporation Announces 20 Percent Increase In Quarterly Cash Dividend
February 25, 2005
SANTA ANA, Calif., -- The board of directors of The First American Corporation (NYSE: FAF) has approved an increase in the company’s quarterly cash dividend from 15 cents per common share to 18 cents per common share, representing an increase of 20 percent.
The cash dividend is payable on April 15, 2005, to shareholders of record as of March 31, 2005. First American has paid a cash dividend for each of the last 96 years.
“First American’s board of directors has demonstrated their confidence in our future performance by approving this dividend increase,” said Parker S. Kennedy, president and chief executive officer of The First American Corporation. “We are pleased to provide this benefit to our shareholders.”
Source: The First American Corporation