CNA Financial Corporation (CNA) To Go Ex-Dividend on May 18th

CNA Financial Corporation (NYSE:CNA) announced a quarterly dividend on Friday, May 1st. Investors of record on Monday, May 18th will be given a dividend of 0.48 per share by the insurance provider on Thursday, June 4th. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Monday, May 18th.

CNA Financial has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 9 consecutive years. CNA Financial has a dividend payout ratio of 38.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect CNA Financial to earn $5.01 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 38.3%.

CNA Financial Stock Performance

NYSE:CNA opened at $43.73 on Friday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.27. CNA Financial has a 12-month low of $42.48 and a 12-month high of $50.72. The stock has a 50-day moving average price of $46.34 and a 200 day moving average price of $46.73. The stock has a market capitalization of $11.83 billion, a P/E ratio of 9.78, a P/E/G ratio of 5.59 and a beta of 0.35.

CNA Financial (NYSE:CNA) last released its earnings results on Monday, May 4th. The insurance provider reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.47). CNA Financial had a return on equity of 11.57% and a net margin of 8.08%.The business had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter in the prior year, the business posted $1.03 EPS. Equities research analysts forecast that CNA Financial will post 4.33 EPS for the current fiscal year.

CNA Financial Company Profile

CNA Financial Corporation is a leading U.S.-based commercial property and casualty insurance company offering a broad portfolio of risk management and insurance solutions. The company underwrites coverage for businesses of all sizes across a variety of industry sectors, including manufacturing, healthcare, energy, technology, construction and real estate. In addition to core property and casualty insurance, CNA delivers specialized products such as surety bonds, professional liability, environmental liability and commercial auto coverage.

Headquartered in Chicago, Illinois, CNA traces its origins to the founding of Continental Casualty Company in 1897.