Fidelity National Financial Announces a 39 Percent Increase in its Quarterly Dividend to $0.25
September 07 2004 - 2:41PM
PR Newswire (US)
Fidelity National Financial Announces a 39 Percent Increase in its
Quarterly Dividend to $0.25 JACKSONVILLE, Fla., Sept. 7
/PRNewswire-FirstCall/ -- Fidelity National Financial, Inc.
(NYSE:FNF), a Fortune 500 provider of products and outsourced
services to financial institutions and the real estate industry,
announced today that its Board of Directors has declared an
increase in the quarterly cash dividend to $0.25 per share. The
dividend will be payable on December 1, 2004 to stockholders of
record as of November 17, 2004. The $0.25 dividend represents a 39
percent increase over the most recent quarterly cash dividend of
$0.18. "We are very confident in the future prospects of FNF and we
hope that this significant increase in the dividend conveys that
confidence to our shareholders," said FNF Chairman William P.
Foley, II. "FNF shareholders now enjoy an annualized dividend yield
of more than 2.5 percent." Fidelity National Financial, Inc.,
number 262 on the Fortune 500, is a provider of products and
outsourced services and solutions to financial institutions and the
real estate industry. The Company had total revenue of more than
$7.7 billion and earned more than $860 million in 2003, with cash
flow from operations of nearly $1.3 billion for that same period.
FNF is a leading provider of information-based technology solutions
and processing services to financial institutions and the mortgage
and financial services industries through its subsidiary Fidelity
Information Services, Inc. Fidelity Information Services' software
processes nearly 50 percent of all U.S. residential mortgages, it
has processing and technology relationships with 45 of the top 50
U.S. banks and has clients in more than 50 countries who rely on
its processing and outsourcing products and services. Additionally,
FNF is the nation's largest title insurance company and also
provides other real estate-related services such as escrow, flood
and tax certifications with life of loan monitoring, merged credit
reporting, property valuations and appraisals, default management,
relocation services, flood, homeowners and home warranty insurance,
exchange intermediary services, mortgage loan aggregation and
fulfillment, multiple listing services software, mortgage loan
origination software, collateral scoring analytics and real
property data. More information about the FNF family of companies
can be found at http://www.fnf.com/ and
http://www.fidelityinfoservices.com/ . This press release contains
statements related to future events and expectations and, as such,
constitutes forward-looking statements. These forward-looking
statements are subject to known and unknown risks, uncertainties
and other factors that may cause actual results, performance or
achievements of the Company to be different from those expressed or
implied above. The Company expressly disclaims any duty to update
or revise forward- looking statements. The risks and uncertainties
which forward-looking statements are subject to include, but are
not limited to, the effect of governmental regulations, the
economy, competition and other risks detailed from time to time in
the "Management's Discussion and Analysis" section of the Company's
Form 10-K and other reports and filings with the Securities and
Exchange Commission. DATASOURCE: Fidelity National Financial, Inc.
CONTACT: Daniel Kennedy Murphy, Senior Vice President, Finance and
Investor Relations, Fidelity National Financial, Inc.,
+1-904-854-8120, or Web site: http://www.fnf.com/
http://www.fidelityinfoservices.com/
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