Cigna Group (NYSE:CI) Announces Quarterly Dividend of $1.51

Key Points

• Cigna Group has declared a quarterly dividend of $1.51 per share, which will be paid to shareholders on December 18th, representing an annualized yield of 2.0%.
• The company's current payout ratio stands at 18.2%, indicating that the dividend is well-supported by earnings, with analysts projecting earnings of $33.03 per share in the next fiscal year.
• Cigna reported a revenue increase of 11.0% compared to the same quarter last year, with earnings per share of $7.20, surpassing analysts' expectations.

Cigna Group (NYSE:CI - Get Free Report) declared a quarterly dividend on Wednesday, October 22nd. Shareholders of record on Thursday, December 4th will be given a dividend of 1.51 per share by the health services provider on Thursday, December 18th. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, December 4th.

Cigna Group has a payout ratio of 18.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Cigna Group to earn $33.03 per share next year, which means the company should continue to be able to cover its $6.04 annual dividend with an expected future payout ratio of 18.3%.

Cigna Group Stock Up 0.3%

NYSE CI opened at $308.30 on Thursday. The stock has a market cap of $82.30 billion, a PE ratio of 16.83, a P/E/G ratio of 0.90 and a beta of 0.45. Cigna Group has a fifty-two week low of $256.89 and a fifty-two week high of $350.00. The business has a 50 day moving average price of $298.83 and a two-hundred day moving average price of $307.81. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.65.

Cigna Group (NYSE:CI - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The health services provider reported $7.20 earnings per share for the quarter, topping analysts' consensus estimates of $7.15 by $0.05. The firm had revenue of $67.13 billion during the quarter, compared to analysts' expectations of $62.61 billion. Cigna Group had a return on equity of 18.80% and a net margin of 1.92%.Cigna Group's quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.72 EPS. Cigna Group has set its FY 2025 guidance at 29.600- EPS. As a group, sell-side analysts predict that Cigna Group will post 29.77 EPS for the current fiscal year.

Cigna Group Company Profile

The Cigna Group, together with its subsidiaries, provides insurance and related products and services in the United States. Its Evernorth Health Services segment provides a range of coordinated and point solution health services, including pharmacy benefits, home delivery pharmacy, specialty pharmacy, distribution, and care delivery and management solutions to health plans, employers, government organizations, and health care providers.

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