IN BRIEF / Southland
A Times Staff Writer
Title insurer American National Financial Inc., benefiting from the strong real estate market this year, said its directors have approved a 25% increase in the company’s quarterly dividend.
The payout was increased to 12.5 cents from 10 cents a share, payable Oct. 22 to shareholders of record Oct. 8.
The Orange-based firm has posted hefty gains in earnings and revenue this year. In its second quarter, net income grew fivefold to $3.4 million, or 41 cents a share, as revenue advanced 69% to $35.3 million.
The stock, which has more than doubled this year, closed at $7.42, up 47 cents, on Nasdaq.
