CNO Financial Group, Inc. (CNO) To Go Ex-Dividend on June 10th

CNO Financial Group, Inc. (NYSE:CNO) announced a quarterly dividend on Wednesday, May 6th. Shareholders of record on Wednesday, June 10th will be given a dividend of 0.18 per share by the financial services provider on Wednesday, June 24th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, June 10th. This is a 5.9% increase from CNO Financial Group’s previous quarterly dividend of $0.17.

CNO Financial Group has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. CNO Financial Group has a payout ratio of 17.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect CNO Financial Group to earn $4.89 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 14.7%.

CNO Financial Group Stock Down 0.1%

CNO Financial Group stock opened at $47.86 on Monday. CNO Financial Group has a twelve month low of $35.24 and a twelve month high of $48.13. The stock has a 50 day moving average of $44.52 and a two-hundred day moving average of $42.76. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 19.22 and a beta of 0.82.

Wall Street Analyst Weigh In

CNO has been the subject of several recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of CNO Financial Group in a research report on Monday, April 20th. Evercore set a $48.00 price target on CNO Financial Group and gave the stock an “in-line” rating in a research report on Monday, June 1st. Wall Street Zen cut CNO Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Finally, Keefe, Bruyette & Woods raised their price objective on CNO Financial Group from $46.00 to $50.00 and gave the stock a “market perform” rating in a report on Tuesday, May 5th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $48.75.

CNO Financial Group Company Profile

CNO Financial Group is an Indiana‐based holding company that offers a range of insurance and retirement solutions through its operating subsidiaries. Its primary business activities include life insurance, annuities, and supplemental health insurance products designed to help individuals plan for retirement and manage health‐related expenses. The company serves middle‐income Americans, with particular emphasis on senior customers seeking guaranteed coverage and reliable income streams.

Originally founded as Conseco in 1979, the company underwent a financial restructuring and rebranded as CNO Financial Group in 2010.