The First American Financial board of directors declare quarterly dividend


March 30, 1988, SANTA ANA, CALIFORNIA

The board of directors of The First American Financial Corporation (NASDAQ:FAMR) at its regular February meeting declared a quarterly dividend of 17½ cents per share payable on April 15 to shareholders of record March 31.

This dividend represents an increase of 40 percent as compared with the prior quarterly rate of 12½ cents per share. Further, annual dividends per share (restated for the 2-for-1 stock split effected June 5, 1987) have increased in each of the five preceding years for a total increase for the period of 180 percent.

The company has paid a cash dividend every year since 1909.

The company's principal subsidiary, First American Title Insurance Company, operates through more than 4,500 branches, subsidiaries, affiliates or agents throughout the United States and in Guam, Puerto Rico, the Virgin Islands and England.

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