Fidelity National Financial Inc (NYSE:FNF) Announces $0.31 Quarterly Dividend
Fidelity National Financial Inc (NYSE:FNF) announced a quarterly dividend on Tuesday, July 16th, RTT News reports. Shareholders of record on Monday, September 16th will be paid a dividend of 0.31 per share by the financial services provider on Monday, September 30th. This represents a $1.24 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Friday, September 13th.
Fidelity National Financial has raised its dividend payment by an average of 14.5% annually over the last three years and has raised its dividend every year for the last 7 years. Fidelity National Financial has a dividend payout ratio of 44.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Fidelity National Financial to earn $3.08 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 40.3%.
FNF stock opened at $44.26 on Wednesday. Fidelity National Financial has a twelve month low of $29.50 and a twelve month high of $45.40. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.17. The stock has a market cap of $12.34 billion, a P/E ratio of 16.39 and a beta of 0.84. The business’s 50-day moving average price is $43.76 and its 200-day moving average price is $39.92.
A number of analysts have recently issued reports on the stock. Compass Point raised shares of Fidelity National Financial from a “neutral” rating to a “buy” rating in a research note on Monday, July 8th. Keefe, Bruyette & Woods raised their price target on Fidelity National Financial from $44.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Zacks Investment Research upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Monday. Finally, Susquehanna Bancshares began coverage on Fidelity National Financial in a research note on Wednesday, June 19th. They set a “positive” rating and a $48.00 target price on the stock. One research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. Fidelity National Financial has a consensus rating of “Buy” and a consensus price target of $46.54.
About Fidelity National Financial
Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.
See Also: What is a Special Dividend?
Receive News & Ratings for Fidelity National Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Financial and related companies with MarketBeat.com's FREE daily email newsletter.