Cincinnati Financial Corporation (CINF) To Go Ex-Dividend on March 24th

Cincinnati Financial Corporation (NASDAQ:CINF) declared a quarterly dividend on Friday, January 30th. Stockholders of record on Tuesday, March 24th will be given a dividend of 0.94 per share by the insurance provider on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, March 24th. This is a 8.0% increase from Cincinnati Financial’s previous quarterly dividend of $0.87.

Cincinnati Financial has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 65 consecutive years. Cincinnati Financial has a dividend payout ratio of 46.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Cincinnati Financial to earn $7.92 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 47.5%.

Cincinnati Financial Trading Up 0.3%

NASDAQ CINF opened at $158.33 on Friday. The stock has a market capitalization of $24.65 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 3.53 and a beta of 0.63. Cincinnati Financial has a 52 week low of $123.01 and a 52 week high of $174.27. The stock’s 50 day moving average price is $163.36 and its two-hundred day moving average price is $161.60. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Monday, February 9th. The insurance provider reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.51. Cincinnati Financial had a return on equity of 8.45% and a net margin of 18.94%.The business had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter in the previous year, the business earned $3.14 earnings per share. Cincinnati Financial’s quarterly revenue was up 21.8% on a year-over-year basis. As a group, analysts anticipate that Cincinnati Financial will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.