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.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Thursday, October 26th. The insurance provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.42 billion. Cincinnati Financial had a return on equity of 5.85% and a net margin of 8.93%. Cincinnati Financial’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.86 earnings per share. equities analysts expect that Cincinnati Financial will post 2.65 EPS for the current fiscal year.

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.

Dividend History for Cincinnati Financial (NASDAQ:CINF)

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