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