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FIDELITY NATIONAL FINANCIAL INC. ANNOUNCES $.10 QUARTERLY CASH DIVIDEND

 FIDELITY NATIONAL FINANCIAL INC. ANNOUNCES
 $.10 QUARTERLY CASH DIVIDEND
 IRVINE, Calif., Sept. 15 /PRNewswire/ -- Fidelity National Financial Inc. (NYSE: FNF), a leading title insurance underwriter, today announced that its board of directors declared a quarterly cash dividend on Sept. 14, 1992, in the amount of $.10 per share. The dividend will be payable on Nov. 3, 1992, to stockholders of record as of Oct. 9, 1992.
 The company recently reported a 124 percent increase in net earnings for the six months ended June 30, 1992. Net earnings for the first six months of 1992 exceeded earnings for all of 1991. For the first half of 1992, net earnings were $7,051,000, or $1.32 per share, vs. $3,145,000, or $.69 per share, for the same 1991 period.
 William P. Foley II, president and chief executive officer, said, "Our continued policy of returning value to stockholders through the payment of quarterly dividends reflects our ongoing confidence in Fidelity's financial performance.
 "The company's record second quarter earnings did not include revenue or earnings from the acquisition of Meridian Title, which closed on June 30, 1992. However, in the second half of 1992, we will begin to realize the revenue and earnings benefits resulting from the Meridian acquisition."
 Headquartered in Irvine, Fidelity National Financial Inc. issues title insurance and performs other title-related services in 48 states and the District of Columbia, Puerto Rico and the Virgin Islands through Fidelity National Title Insurance Co., Fidelity National Title Insurance Co. of California, Fidelity National Title Insurance Co. of Pennsylvania (formerly Meridian Title Insurance Co.), Fidelity National Title Insurance Co. of Tennessee, Fidelity National Title Insurance Co. of Texas and American Title Insurance Co.
 -0- 9/15/92
 /CONTACT: Jo Etta Bandy, VP-investor relations, or Carl A. Strunk, executive VP and CFO, of Fidelity National Financial, 714-852-9770/
 (FNF) CO: Fidelity National Financial Inc. ST: California IN: INS SU: DIV


KJ-LS -- LA010 -- 9475 09/15/92 09:02 EDT
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Publication:PR Newswire
Date:Sep 15, 1992
Words:325
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