FNF Group of Fidelity National Financial, Inc. (FNF) Declares Quarterly Dividend of $0.27

FNF Group of Fidelity National Financial, Inc. (NYSE:FNF) declared a quarterly dividend on Tuesday, January 30th, RTT News reports. Shareholders of record on Friday, March 16th will be given a dividend of 0.27 per share by the financial services provider on Friday, March 30th. This represents a $1.08 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Thursday, March 15th.

FNF Group of Fidelity National Financial has increased its dividend by an average of 11.8% annually over the last three years and has raised its dividend annually for the last 6 consecutive years. FNF Group of Fidelity National Financial has a dividend payout ratio of 43.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect FNF Group of Fidelity National Financial to earn $3.06 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 35.3%.

Shares of FNF Group of Fidelity National Financial (NYSE:FNF) traded down $0.17 during trading hours on Wednesday, hitting $38.30. 477,271 shares of the company’s stock traded hands, compared to its average volume of 1,551,652. FNF Group of Fidelity National Financial has a 12 month low of $26.74 and a 12 month high of $41.99. The firm has a market capitalization of $10,347.07, a price-to-earnings ratio of 16.16 and a beta of 0.89. The company has a quick ratio of 0.85, a current ratio of 3.01 and a debt-to-equity ratio of 0.17.

FNF Group of Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.91 billion. FNF Group of Fidelity National Financial had a net margin of 8.13% and a return on equity of 11.72%. FNF Group of Fidelity National Financial’s revenue was down 8.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.71 earnings per share. sell-side analysts anticipate that FNF Group of Fidelity National Financial will post 2.69 EPS for the current fiscal year.

FNF has been the subject of a number of research reports. Zacks Investment Research cut shares of FNF Group of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Stephens restated a “buy” rating and set a $46.00 target price on shares of FNF Group of Fidelity National Financial in a report on Thursday, February 1st. Barclays set a $46.00 target price on shares of FNF Group of Fidelity National Financial and gave the stock a “buy” rating in a report on Friday, January 12th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $42.00 target price on shares of FNF Group of Fidelity National Financial in a report on Friday, December 22nd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $44.14.

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About FNF Group of Fidelity National Financial

Fidelity National Financial, Inc (FNF) is a holding company. FNF, through its subsidiaries, provides title insurance, mortgage services and diversified services. FNF operates in four segments: Fidelity National Title Group, Remy, Restaurant Group and Corporate and Other. The Fidelity National Title Group segment consists of the operations of FNF’s title insurance underwriters and related businesses.

Dividend History for FNF Group of Fidelity National Financial (NYSE:FNF)

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