Fidelity National sets quarterly dividend at 50 cents a share

Published 21/02/2025, 14:10
Fidelity National sets quarterly dividend at 50 cents a share

JACKSONVILLE, Fla. – Fidelity National Financial , Inc. (NYSE: NYSE:FNF) has declared a quarterly cash dividend of $0.50 per share on its common stock, the company’s Board of Directors announced today. The dividend, representing a 2% yield, is payable on March 31, 2025, to shareholders who are on record as of March 17, 2025. According to InvestingPro, the company has maintained consistent dividend growth, with a 10% increase in the last twelve months.

Fidelity National Financial, recognized as the largest title insurance company in the United States, operates through its underwriters including Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title, and National Title of New York. These underwriters collectively issue more title insurance policies than any other company in the country. In addition to its prominence in title insurance, FNF provides transaction services to the real estate and mortgage industries and offers insurance solutions for retail annuity and life customers, as well as institutional clients through its majority-owned subsidiary, F&G Annuities & Life, Inc. (NYSE: FG).

The announcement of the dividend reflects FNF’s ongoing commitment to delivering value to its shareholders. This declaration follows the company’s pattern of disbursing quarterly dividends and highlights its financial stability and confidence in its business operations.

The information for this financial update is based on a press release statement from Fidelity National Financial, Inc. The company’s stock is publicly traded on the New York Stock Exchange under the ticker symbol FNF. Investors holding shares of FNF as of the record date will be eligible to receive the dividend at the end of March.

In other recent news, F&G Annuities & Life, Inc. has successfully completed a public offering of $375 million in junior subordinated notes due in 2065. The notes, which carry an interest rate of 7.300%, were issued under an indenture agreement with Citibank, N.A., acting as the trustee. The offering was part of a larger registration statement filed with the SEC, and the notes will pay interest quarterly starting April 15, 2025. F&G Annuities intends to use the net proceeds from the offering for general corporate purposes, including repurchasing, redeeming, or repaying its outstanding debt. The underwriting agreement was reached with several financial institutions, including Wells Fargo (NYSE:WFC) Securities, BofA Securities, J.P. Morgan Securities, Morgan Stanley (NYSE:MS) & Co., and RBC Capital Markets. The notes are described as junior unsecured subordinated obligations and can be redeemed by F&G at its discretion after January 15, 2030. This financial strategy is part of F&G’s broader approach to managing its capital and debts effectively. The company’s forward-looking statements highlight potential benefits from this offering, although they acknowledge associated risks and uncertainties.

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