CNO Financial Group, Inc. (NYSE:CNO) Declares Quarterly Dividend of $0.18

CNO Financial Group, Inc. (NYSE:CNO) announced a quarterly dividend on Wednesday, May 6th. Shareholders of record on Wednesday, June 10th will be paid 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 1.6%. 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 increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. CNO Financial Group has a dividend payout ratio of 16.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect CNO Financial Group to earn $4.78 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 14.2%.

CNO Financial Group Price Performance

Shares of NYSE CNO opened at $45.76 on Thursday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.61. CNO Financial Group has a twelve month low of $35.24 and a twelve month high of $46.19. The stock has a 50 day moving average of $42.04 and a two-hundred day moving average of $41.76. The stock has a market cap of $4.29 billion, a P/E ratio of 18.38 and a beta of 0.82.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.27. CNO Financial Group had a return on equity of 17.65% and a net margin of 5.44%.The company had revenue of $101.10 million during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the previous year, the business earned $1.18 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, research analysts forecast that CNO Financial Group will post 4.36 earnings per share for the current year.

About CNO Financial Group

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.