First American Financial Corporation Announces $150 Million Stock Repurchase Plan
—Declares Quarterly Cash Dividend—
March 16, 2011, SANTA ANA, Calif.
First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance and settlement services for real estate transactions, today announced that its board of directors has approved a new stock repurchase plan, which authorizes the repurchase of up to $150 million of the company’s common stock. Purchases may be made from time to time by the company in the open market at prevailing market prices or in privately negotiated transactions.
The board also declared a regular quarterly cash dividend of 6 cents per common share. The cash dividend is payable on April 15, 2011, to stockholders of record as of March 31, 2011.
About First American
First American Financial Corporation is a leading provider of title insurance and settlement services to the real estate and mortgage industries, that traces its heritage back to 1889. First American and its affiliated companies also provide title plant management services; title and other real property records and images; valuation products and services; home warranty products; property and casualty insurance; and banking, trust and investment advisory services. With revenues of $3.9 billion in 2009, the company offers its products and services directly and through its agents and partners in all 50 states and abroad. More information about the company can be found at www.firstam.com.