Fidelity National Title Group, Inc. Announces Quarterly Cash Dividend of $0.29
April 20 2006 - 5:15PM
PR Newswire (US)
JACKSONVILLE, Fla., April 20 /PRNewswire-FirstCall/ -- Fidelity
National Title Group, Inc. (NYSE:FNT), the nation's largest title
insurance company and a majority-owned, publicly traded subsidiary
of Fidelity National Financial, Inc. (NYSE:FNF), today announced
that its Board of Directors has declared a quarterly cash dividend
of $0.29 per share. The dividend will be payable June 27, 2006 to
stockholders of record as of June 15, 2006. Fidelity National Title
Group, Inc. is the nation's largest title insurance company. The
Company's title insurance underwriters -- Fidelity National Title,
Chicago Title, Ticor Title, Security Union Title and Alamo Title --
issue approximately 31 percent of all title insurance policies in
the United States. Through its direct operations and agencies, the
Company provides title insurance in 49 states, the District of
Columbia, Guam, Mexico, Puerto Rico, the U.S. Virgin Islands and
Canada. In 2005, FNT also acquired Service Link, a leading provider
of title and closing services to major financial institutions and
lenders, including six of the top 10 lending institutions in the
United States ranked by loan origination volume. More information
about Fidelity National Title Group can be found at
http://www.fntg.com/ . FNT is a majority-owned subsidiary of
Fidelity National Financial Inc., number 248 on the Fortune 500 and
a provider of products and outsourced services and solutions to a
variety of industries. More information about FNF can be found at
http://www.fnf.com/ . This press release contains forward-looking
statements that involve a number of risks and uncertainties.
Statements that are not historical facts, including statements
about our beliefs and expectations, are forward-looking statements.
Forward-looking statements are based on management's beliefs, as
well as assumptions made by, and information currently available
to, management. Because such statements are based on expectations
as to future economic performance and are not statements of fact,
actual results may differ materially from those projected. We
undertake no obligation to update any forward-looking statements,
whether as a result of new information, future events or otherwise.
The risks and uncertainties which forward-looking statements are
subject to include, but are not limited to: changes in general
economic, business and political conditions, including changes in
the financial markets; adverse changes in the level of real estate
activity, which may be caused by, among other things, high or
increasing interest rates, a limited supply of mortgage funding or
a weak U. S. economy; compliance with extensive regulations;
regulatory investigations of the title insurance industry; our
business concentration in the State of California, the source of
over 20% of our title insurance premiums; our dependence on
distributions from our title insurance underwriters as our main
source of cash flow; competition from other title insurance
companies; FNF's need to maintain more than 80% ownership of our
common stock for various tax purposes; and other risks detailed in
the "Statement Regarding Forward-Looking Information," "Risk
Factors" and other sections of the Company's Form 10-K and other
filings with the Securities and Exchange Commission. DATASOURCE:
Fidelity National Title Group, Inc. CONTACT: Daniel Kennedy Murphy,
Senior Vice President, Finance and Investor Relations, Fidelity
National Title Group, +1-904-854-8120, or Web site:
http://www.fntg.com/ http://www.fnf.com/
Copyright
Fidelity National Financ... (NYSE:FNF)
Historical Stock Chart
From May 2024 to Jun 2024
Fidelity National Financ... (NYSE:FNF)
Historical Stock Chart
From Jun 2023 to Jun 2024