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

Fidelity National Financial, Inc. (NYSE:FNF - Get Free Report) announced a quarterly dividend on Thursday, May 8th, RTT News reports. Shareholders of record on Monday, June 16th will be paid a dividend of 0.50 per share by the financial services provider on Friday, June 13th. This represents a $2.00 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date is Monday, June 16th.

Fidelity National Financial has raised its dividend by an average of 7.5% per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Fidelity National Financial has a dividend payout ratio of 29.4% 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 Down 3.2 %

Fidelity National Financial stock traded down $1.91 during midday trading on Friday, hitting $57.83. 1,906,186 shares of the stock were exchanged, compared to its average volume of 1,130,281. The stock has a market capitalization of $15.88 billion, a price-to-earnings ratio of 12.44 and a beta of 1.14. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The business's 50-day moving average price is $62.72 and its 200-day moving average price is $60.39. Fidelity National Financial has a 52-week low of $47.79 and a 52-week high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its earnings results on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.35). The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The business's quarterly revenue was down 17.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 earnings per share. On average, research analysts expect that Fidelity National Financial will post 6.28 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods upgraded Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price target on the stock in a report on Tuesday, April 8th. Barclays raised their price target on Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. Stephens upped their price target on Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Finally, StockNews.com lowered shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $71.60.

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.