Cincinnati Financial Corporation Declares Quarterly Dividend of $0.94 (NASDAQ:CINF)

Cincinnati Financial Corporation (NASDAQ:CINF) announced a quarterly dividend on Friday, August 21st. Investors 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) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Wednesday, September 23rd.

Cincinnati Financial has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 65 consecutive years. Cincinnati Financial has a 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 Stock Performance

Shares of CINF stock opened at $169.00 on Monday. The stock’s 50-day moving average is $174.37 and its two-hundred day moving average is $169.41. The firm has a market cap of $25.94 billion, a price-to-earnings ratio of 7.97, a PEG ratio of 3.54 and a beta of 0.53. Cincinnati Financial has a 1 year low of $150.00 and a 1 year high of $194.81. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.31 and a current ratio of 0.31.

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

Cincinnati Financial Company Profile

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.