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Industry News

First American Corp. Doubles Share Repurchase Plan to $200 Million

May 20, 2005

SANTA ANA, Calif. (AP) -- First American Corp., a provider of title insurance and credit reports, on Thursday said it doubled its stock buyback authorization to $200 million. The company, which also declared a regular quarterly dividend of 18 cents per share, said it has repurchased $63.9 million of its common stock since it began a $100 million repurchase program on May 18, 2004.

First American currently has about 94.4 million shares outstanding. The stock closed Wednesday at $37.70 on the New York Stock Exchange.

Copyright Associated Press



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