Fidelity National Financial, Inc. (FNF) to Issue Quarterly Dividend of $0.52 on December 31st

Fidelity National Financial, Inc. (NYSE:FNF) declared a quarterly dividend on Friday, November 7th. Investors of record on Wednesday, December 17th will be paid a dividend of 0.52 per share by the financial services provider on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date is Wednesday, December 17th. This is a 4.0% increase from Fidelity National Financial’s previous quarterly dividend of $0.50.

Fidelity National Financial has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Fidelity National Financial has a dividend payout ratio of 30.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Fidelity National Financial to earn $6.67 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 30.0%.

Fidelity National Financial Stock Up 4.5%

FNF stock opened at $57.03 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.24 and a quick ratio of 0.24. Fidelity National Financial has a 1-year low of $50.61 and a 1-year high of $66.72. The firm has a fifty day moving average price of $57.85 and a two-hundred day moving average price of $57.52. The firm has a market cap of $15.50 billion, a price-to-earnings ratio of 14.47 and a beta of 1.05.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Thursday, July 13th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter. Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. The company had revenue of $3.17 billion for the quarter. Research analysts predict that Fidelity National Financial will post 6.28 EPS for the current year.

Hedge Funds Weigh In On Fidelity National Financial

Several hedge funds and other institutional investors have recently made changes to their positions in FNF. Stephens Inc. AR raised its position in shares of Fidelity National Financial by 29.3% during the second quarter. Stephens Inc. AR now owns 180,087 shares of the financial services provider’s stock worth $10,096,000 after purchasing an additional 40,835 shares during the period. Cerity Partners LLC increased its stake in Fidelity National Financial by 39.0% in the 1st quarter. Cerity Partners LLC now owns 51,647 shares of the financial services provider’s stock worth $3,361,000 after purchasing an additional 14,485 shares in the last quarter. OLD National Bancorp IN raised its holdings in Fidelity National Financial by 2.5% during the 2nd quarter. OLD National Bancorp IN now owns 171,145 shares of the financial services provider’s stock worth $9,594,000 after buying an additional 4,204 shares during the period. Focus Partners Advisor Solutions LLC acquired a new stake in Fidelity National Financial during the 1st quarter worth about $509,000. Finally, Arvest Investments Inc. purchased a new stake in Fidelity National Financial during the second quarter valued at about $249,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.

About Fidelity National Financial

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.