Big day for First American Financial after big boost to dividend and buyback

• First American Financial (NYSE:FAF +6.1%) sports a sizable gain one day after doubling its quarterly dividend to $0.24 per share. In addition, the company boosted the size of its buyback program to $250M from $150M. With the increase, FAF has $182.9M of authorization remaining.
• At the current stock price of $27.79, the company could buy back about 6.5M shares under the plan vs. a float of about 105M shares today.
• Press release