Cincinnati Financial Corporation (CINF) to Issue Quarterly Dividend of $0.94 on October 15th

Cincinnati Financial Corporation (NASDAQ:CINF) declared a quarterly dividend on Friday, August 21st. Stockholders of record on Wednesday, September 23rd will be paid a dividend of 0.94 per share by the insurance provider on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Wednesday, September 23rd.

Cincinnati Financial has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 65 consecutive years. Cincinnati Financial has a dividend payout ratio of 46.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cincinnati Financial to earn $8.94 per share next year, which means the company should continue to be able to cover its $3.76 annual dividend with an expected future payout ratio of 42.1%.

Cincinnati Financial Price Performance

Shares of Cincinnati Financial stock opened at $169.00 on Monday. Cincinnati Financial has a 12-month low of $150.00 and a 12-month high of $194.81. The firm has a market capitalization of $25.94 billion, a PE ratio of 7.97, a price-to-earnings-growth ratio of 3.54 and a beta of 0.53. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.05. The stock’s fifty day moving average is $174.37 and its 200-day moving average is $169.41.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Monday, July 27th. The insurance provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.39). Cincinnati Financial had a net margin of 23.84% and a return on equity of 9.63%. The business had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter in the previous year, the company earned $1.97 EPS. Equities analysts anticipate that Cincinnati Financial will post 8.31 earnings per share for the current year.

About Cincinnati Financial

Cincinnati Financial Corporation is an insurance holding company headquartered in Fairfield, Ohio. Founded in 1950 by four independent insurance agents, the company markets its products primarily through a network of independent agencies.

Its principal business is property and casualty insurance, including commercial coverage for businesses, workers’ compensation, commercial auto, homeowners insurance, personal auto insurance and other personal lines. The company also offers excess and surplus lines coverage for specialized or higher-risk exposures.