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

Key Points

• Declared quarterly dividend: Cincinnati Financial announced a $0.94 quarterly payout (annualized $3.76) with a yield of about 2.4%, an investor record date of June 23 and payable on July 15, and the company has raised its dividend for 65 consecutive years.
• Solid quarterly results: The firm beat estimates with $2.10 EPS vs. $1.93 expected and $2.86B revenue (up 11.6% YoY), and maintains a payout ratio around 46% while analysts forecast roughly $9 of EPS next year, indicating the dividend is well covered.
• Valuation and balance sheet: CINF shares traded near $159.57 (down ~1.5%), with a P/E of 9.12, market cap of $24.7B and very low leverage (debt-to-equity ~0.06).

Cincinnati Financial Corporation (NASDAQ:CINF - Get Free Report) declared a quarterly dividend on Saturday, May 2nd. Investors of record on Tuesday, June 23rd will be given a dividend of 0.94 per share by the insurance provider on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Cincinnati Financial has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 65 consecutive years. Cincinnati Financial has a payout ratio of 46.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Cincinnati Financial to earn $9.01 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 41.7%.

Cincinnati Financial Stock Down 1.5%

CINF stock traded down $2.48 on Monday, reaching $159.57. 472,756 shares of the company traded hands, compared to its average volume of 763,111. Cincinnati Financial has a one year low of $141.78 and a one year high of $174.27. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market cap of $24.68 billion, a P/E ratio of 9.12, a price-to-earnings-growth ratio of 3.52 and a beta of 0.59. The firm has a fifty day simple moving average of $162.69 and a 200-day simple moving average of $162.55.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings data on Monday, April 27th. The insurance provider reported $2.10 earnings per share for the quarter, beating analysts' consensus estimates of $1.93 by $0.17. Cincinnati Financial had a return on equity of 10.57% and a net margin of 21.33%.The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same quarter last year, the company earned ($0.24) EPS. The firm's revenue for the quarter was up 11.6% on a year-over-year basis. Research analysts anticipate that Cincinnati Financial will post 8.59 earnings per share for the current year.

About Cincinnati Financial

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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