Fidelity National Financial, Inc. (NYSE:FNF) Plans $0.50 Quarterly Dividend

Key Points

• Fidelity National Financial has declared a quarterly dividend of $0.50 per share, with the payout scheduled for September 30th for investors of record on September 16th, yielding 3.5% annually.
• The company's payout ratio is at 30.3%, indicating that it can comfortably cover its dividend with earnings, as analysts forecast earnings of $6.67 per share next year.
• Fidelity National Financial reported $1.16 EPS for the last quarter, missing expectations, despite a 15.1% increase in revenue year-over-year to $3.64 billion.

Fidelity National Financial, Inc. (NYSE:FNF - Get Free Report) declared a quarterly dividend on Thursday, August 7th, RTT News reports. Investors of record on Tuesday, September 16th will be paid a dividend of 0.50 per share by the financial services provider on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 3.5%.

Fidelity National Financial has a 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 Price Performance

Shares of FNF opened at $56.63 on Thursday. The firm has a market cap of $15.55 billion, a price-to-earnings ratio of 14.02 and a beta of 1.02. Fidelity National Financial has a 52 week low of $50.61 and a 52 week high of $66.72. The stock has a 50 day moving average of $55.40 and a 200-day moving average of $58.80. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.24). The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.64 billion. Fidelity National Financial had a net margin of 8.43% and a return on equity of 14.88%. The company's revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.24 earnings per share. As a group, analysts forecast that Fidelity National Financial will post 6.28 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Gilbert & Cook Inc. grew its stake in Fidelity National Financial by 3.0% during the 1st quarter. Gilbert & Cook Inc. now owns 5,814 shares of the financial services provider's stock valued at $378,000 after purchasing an additional 168 shares in the last quarter. Journey Strategic Wealth LLC lifted its holdings in Fidelity National Financial by 1.2% in the first quarter. Journey Strategic Wealth LLC now owns 14,482 shares of the financial services provider's stock worth $943,000 after acquiring an additional 175 shares during the last quarter. Commerce Bank boosted its stake in Fidelity National Financial by 3.1% in the first quarter. Commerce Bank now owns 5,977 shares of the financial services provider's stock valued at $389,000 after acquiring an additional 177 shares during the period. Peddock Capital Advisors LLC increased its stake in shares of Fidelity National Financial by 3.2% in the first quarter. Peddock Capital Advisors LLC now owns 5,663 shares of the financial services provider's stock valued at $369,000 after purchasing an additional 178 shares during the period. Finally, Kaizen Financial Strategies boosted its position in Fidelity National Financial by 4.8% during the 1st quarter. Kaizen Financial Strategies now owns 4,136 shares of the financial services provider's stock worth $269,000 after acquiring an additional 188 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Company Profile

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.

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