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FIDELITY NATIONAL FINANCIAL INC. DECLARES 3-FOR-2 STOCK SPLIT AND INCREASES CASH DIVIDEND BY 20 PERCENT

 IRVINE, Calif., Dec. 16 /PRNewswire/ -- Fidelity National Financial Inc. (NYSE: FNF), a leading title insurance underwriter, announced that on Dec. 15, 1992, its board of directors declared a 3-for-2 stock split to be effective on Jan. 18, 1993. The distribution date is scheduled for Feb. 4, 1993. Any fractional shares resulting from the stock split will be paid in cash.
 At the same time, the board of directors also declared a quarterly cash dividend of $.08 per share, which represented a 20 percent increase based on post-split shares. The dividend will be payable on Feb. 4, 1993, to stockholders of record as of Jan. 18, 1993 and will be paid on post-split shares. The current number of shares outstanding, including treasury stock, is 6,055,172.
 William P. Foley, II, president and chief executive officer, said: "Our decision to declare the 3-for-2 stock split reflects our ongoing confidence in Fidelity's performance. Increasing our outstanding shares should enhance the stock's marketability.
 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 Company of California, Fidelity National Title Insurance Company of Pennsylvania (formerly Meridian Title Insurance Co.), Fidelity National Title Insurance Company of Tennessee, Fidelity National Title Insurance Company of Texas and American Title Insurance Co.
 -0- 12/16/92
 /CONTACT: Frank P. Willey executive VP and General Counsel or Jo Etta Bandy VP-Investor Relations of Fidelity National Financial, 714-852-9770/
 (FNF)


CO: Fidelity National Financial Inc. ST: California IN: FIN INS SU: DIV

EH -- LA020 -- 7607 12/16/92 10:14 EST
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Publication:PR Newswire
Date:Dec 16, 1992
Words:279
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