premise: FIRST AMERICAN FINANCIAL Corp. declared a special dividend of one share of Class B common stock for each share of Class A common stock , payable to holders of record on Nov. 10 if the Securities and Exchange Commission approves this as the effective date of the registration statement .
hypothesis: A special dividend of one share of Class B common stock for each share of Class A common stock , payable to holders of record on Nov. 10 if the Securities and Exchange Commission approves this as the effective date of the registration statement existed during the declaring.