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

CNO Financial Group, Inc. (NYSE:CNO) announced a quarterly dividend on Wednesday, February 11th. Shareholders of record on Tuesday, March 10th will be paid a dividend of 0.17 per share by the financial services provider on Tuesday, March 24th. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, March 10th.

CNO Financial Group has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 2 years. CNO Financial Group has a payout ratio of 16.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect CNO Financial Group to earn $4.26 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 16.0%.

CNO Financial Group Trading Down 1.3%

NYSE:CNO opened at $41.59 on Friday. CNO Financial Group has a 52 week low of $34.63 and a 52 week high of $44.85. The firm has a 50-day moving average price of $42.38 and a two-hundred day moving average price of $41.01. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.17 and a current ratio of 0.17. The firm has a market cap of $3.92 billion, a price-to-earnings ratio of 18.65 and a beta of 0.83.

CNO Financial Group (NYSE:CNO) last released its earnings results on Thursday, February 5th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.27. The company had revenue of $101.10 million during the quarter, compared to analyst estimates of $1 billion. CNO Financial Group had a return on equity of 15.80% and a net margin of 4.94%.CNO Financial Group’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.18 earnings per share. On average, equities analysts expect that CNO Financial Group will post 3.83 earnings per share for the current fiscal year.

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.