Fidelity National Financial Inc to Issue Quarterly Dividend of $0.31 (NYSE:FNF)

Fidelity National Financial Inc (NYSE:FNF) declared a quarterly dividend on Wednesday, April 24th, RTT News reports. Stockholders of record on Friday, June 14th will be paid a dividend of 0.31 per share by the financial services provider on Friday, June 28th. This represents a $1.24 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Thursday, June 13th.

Fidelity National Financial has raised its dividend 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% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Fidelity National Financial to earn $3.13 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 39.6%.

Shares of Fidelity National Financial stock opened at $39.52 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. Fidelity National Financial has a 52-week low of $29.50 and a 52-week high of $41.41. The company has a market capitalization of $10.96 billion, a PE ratio of 14.64 and a beta of 0.91.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, April 24th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.03. Fidelity National Financial had a net margin of 9.67% and a return on equity of 16.03%. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the business earned $0.42 earnings per share. The business’s revenue was up 1.7% on a year-over-year basis. As a group, analysts predict that Fidelity National Financial will post 2.76 EPS for the current year.

FNF has been the topic of several recent analyst reports. ValuEngine upgraded shares of Fidelity National Financial from a “sell” rating to a “hold” rating in a report on Thursday, March 7th. Compass Point cut shares of Fidelity National Financial from a “buy” rating to a “neutral” rating and raised their target price for the stock from $42.50 to $43.75 in a report on Monday, April 29th. They noted that the move was a valuation call. Barclays restated a “buy” rating and issued a $42.00 target price on shares of Fidelity National Financial in a report on Friday, February 15th. SunTrust Banks raised their target price on shares of Fidelity National Financial to $45.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Zacks Investment Research cut shares of Fidelity National Financial from a “buy” rating to a “sell” rating in a report on Thursday, February 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. Fidelity National Financial presently has a consensus rating of “Buy” and an average target price of $43.96.

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Fidelity National Financial Company Profile

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.

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Dividend History for Fidelity National Financial (NYSE:FNF)

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