CNA Financial Corporation (CNA) To Go Ex-Dividend on May 18th

CNA Financial Corporation (NYSE:CNA) declared a quarterly dividend on Friday, May 1st. Investors of record on Monday, May 18th will be given a dividend of 0.48 per share by the insurance provider on Thursday, June 4th. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Monday, May 18th.

CNA Financial has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 9 years. CNA Financial has a payout ratio of 38.6% meaning its dividend is sufficiently covered by earnings. Analysts expect CNA Financial to earn $5.01 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 38.3%.

CNA Financial Trading Up 1.0%

NYSE CNA opened at $43.73 on Friday. CNA Financial has a one year low of $42.48 and a one year high of $50.72. The company’s 50 day moving average price is $46.34 and its 200 day moving average price is $46.73. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.26 and a current ratio of 0.26. The firm has a market capitalization of $11.83 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 5.59 and a beta of 0.35.

CNA Financial (NYSE:CNA) last posted its quarterly earnings results on Monday, May 4th. The insurance provider reported $0.83 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.47). CNA Financial had a net margin of 8.08% and a return on equity of 11.57%. The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter in the previous year, the business posted $1.03 EPS. On average, sell-side analysts predict that CNA Financial will post 4.33 EPS for the current year.

About CNA Financial

CNA Financial Corporation is a leading U.S.-based commercial property and casualty insurance company offering a broad portfolio of risk management and insurance solutions. The company underwrites coverage for businesses of all sizes across a variety of industry sectors, including manufacturing, healthcare, energy, technology, construction and real estate. In addition to core property and casualty insurance, CNA delivers specialized products such as surety bonds, professional liability, environmental liability and commercial auto coverage.

Headquartered in Chicago, Illinois, CNA traces its origins to the founding of Continental Casualty Company in 1897.