The First American Financial Corporation announces an increase in its quarterly dividend


The board of directors of The First American Financial Corporation (NYSE: FAF) at its meeting on April 24, 1996, declared a quarterly dividend of 18 cents per share, a 20 percent increase from the previous level of 15 cents per share. The increased dividend is payable July 15, 1996, to shareholders of record as of June 21, 1996.

"Dividends represent a direct form of profit-sharing with our stockholders," said President Parker S. Kennedy. "The board stressed that this dividend increase reflects their satisfaction with the first quarter results and represents a confirmation of their confidence in the future progress and earnings of the company."

The First American Financial Corporation, based in Santa Ana, California, is the nation's leading provider of real estate-related financial and informational services. The corporation's subsidiaries include First American Title Insurance Company, a national and international title insurer, First American Real Estate Information Services, Inc., which offers tax monitoring, credit reporting, flood certification, mortgage loan servicing systems and property information services nationally, and First American Home Buyers Protection Corporation, a home warranty company. The corporation also operates First American Trust Company and First Security Thrift Company in Southern California. First American Financial has over 10,000 employees in over 400 branch offices in the United States and abroad.