The First American Financial Corporation board of directors vote to raise ...


November 4, 1993, SANTA ANA, CALIFORNIA

The First American Financial Corporation (NASDAQ: FAMR) announced today that its board of directors has voted to declare and raise its current quarterly dividend to 15 cents per share, an increase of 20 percent from its current level of 12 1/2 cents. The company has raised its dividend in three of the last five quarters, for a total increase of 50 percent. The quarterly dividend will be payable January 15, 1994, to shareholders of record as of December 24, 1993.

This news follows the company's earlier announcement of record third-quarter results, including the highest earnings per share, net income and quarterly revenues in the company's 104-year history.

"Dividends represent a direct form of profit-sharing with our stockholders," said President Parker S. Kennedy. "We are delighted to provide our shareholders with this substantial increase in our current dividend. We have had a very successful year to date, and we remain confident of our long-term growth potential."

The First American Financial Corporation, based in Santa Ana, California, is a leading provider of real estate financial services, including title insurance, tax monitoring, home warranty, credit reporting and property information services, to real property buyers and mortgage lenders. The company also operates a trust and banking business in Southern California. The company offers its title services through a network of more than 300 offices and 4,000 agents throughout the United States. It also provides title services abroad in the Bahama Islands, Bermuda, Canada, Guam, Mexico, Puerto Rico, the U.S. Virgin Islands and the United Kingdom.

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