First American Financial (FAF) and the Appeal of Affordable Dividend Stocks for Long-Term Investors

First American Financial Corporation (NYSE:FAF) is included among the 11 Best Affordable Dividend Stocks to Buy Now.

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First American Financial Corporation (NYSE:FAF) stands as a leading provider of title insurance, offering protection to real estate buyers and lenders against ownership disputes and other legal complications during property transactions. Alongside this, the company offers settlement services, home warranty plans, trust banking, and data and analytics solutions related to real estate. The company´s main revenue comes from the number of transactions of residential and commercial properties, which is quite a volatile parameter influenced by interest rates and the general state of the economy.

Over the past few years, First American Financial Corporation (NYSE:FAF) has revamped its image through technology and modernization. It has been making investments in its digital transformation, automation, and has also been launching new title and escrow platforms like Endpoint and Sequoia, which are presently going through initial market introduction phases. The company sets out to drive its customer base to lower expenses, higher productivity, and a much better, quicker, and, most importantly, friction-free transaction process.

Moreover, First American Financial Corporation (NYSE:FAF) is a reliable shareholder-friendly company with a strong record of paying dividends. On September 10, the board of directors raised the quarterly dividend by 1.9% to $0.55 per share, marking the 14th consecutive year of dividend increases. As of October 2, the stock offers a dividend yield of 3.45%.

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Disclosure: None.