Cincinnati Financial Co. (CINF) to Issue Quarterly Dividend of $0.50 on January 16th
Cincinnati Financial Co. (NASDAQ:CINF) announced a quarterly dividend on Friday, November 17th, RTT News reports. Stockholders of record on Wednesday, December 20th will be paid a dividend of 0.50 per share by the insurance provider on Tuesday, January 16th. This represents a $2.00 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Tuesday, December 19th.
Cincinnati Financial has raised its dividend by an average of 5.0% per year over the last three years and has raised its dividend annually for the last 56 consecutive years. Cincinnati Financial has a dividend payout ratio of 75.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Cincinnati Financial to earn $3.00 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 66.7%.
Cincinnati Financial (NASDAQ CINF) opened at $74.28 on Monday. The company has a market capitalization of $12,187.27, a price-to-earnings ratio of 29.02 and a beta of 0.93. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.11. Cincinnati Financial has a twelve month low of $68.24 and a twelve month high of $81.98.
Several equities analysts recently commented on the company. Zacks Investment Research lowered Cincinnati Financial from a “buy” rating to a “sell” rating in a report on Tuesday, October 17th. BidaskClub lowered Cincinnati Financial from a “sell” rating to a “strong sell” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Cincinnati Financial has an average rating of “Hold” and an average target price of $79.25.
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About Cincinnati Financial
Cincinnati Financial Corporation is an insurance holding company. It operates through five segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, and Life insurance and Investments. Its Commercial Lines Insurance Segment provides five commercial business lines: commercial casualty, commercial property, commercial auto, workers’ compensation and other commercial lines.
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