Cincinnati Financial Corporation (NASDAQ:CINF) to Issue Quarterly Dividend of $0.94

Key Points

• Cincinnati Financial declared a quarterly dividend of $0.94 (annualized $3.76), payable April 15 to shareholders of record March 24, with an ex-dividend date of March 24 and a yield of about 2.4%; this is an 8.0% increase from the prior quarterly payout.
• The dividend appears well covered with a current payout ratio of ~46% (expected ~47.5% next year) and the company has increased its dividend every year for the last 65 years.
• Cincinnati Financial recently beat quarterly estimates (EPS $3.37 vs. $2.86) with revenue up 21.8% year-over-year, and trades at a PE of about 10.4 with a market cap near $24.7 billion.

Cincinnati Financial Corporation (NASDAQ:CINF - Get Free Report) 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 by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 65 years. Cincinnati Financial has a dividend payout ratio of 46.0% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

NASDAQ CINF opened at $158.33 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The company has a market cap of $24.65 billion, a PE ratio of 10.44, a price-to-earnings-growth 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 firm's 50-day simple moving average is $163.36 and its two-hundred day simple moving average is $161.60.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its earnings results on Monday, February 9th. The insurance provider reported $3.37 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.51. Cincinnati Financial had a net margin of 18.94% and a return on equity of 8.45%. The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter last year, the company earned $3.14 earnings per share. The company's revenue was up 21.8% on a year-over-year basis. Research analysts predict that Cincinnati Financial will post 5.36 earnings per share for the current 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.

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