CNA Financial Corporation (NYSE:CNA) Declares $0.46 Quarterly Dividend

Key Points

• CNA Financial Corporation declared a quarterly dividend of $0.46 per share, payable to shareholders on September 4th, after recording on August 18th, representing an annual yield of 4.2%.
• The company's recent earnings report showed an EPS of $1.03, missing analysts' expectations, coupled with a revenue of $3.63 billion that also fell short of estimates.
• CNA Financial's stock is currently trading at $43.89 with a market cap of $11.88 billion, and analysts project earnings of $4.74 per share for the next fiscal year.

CNA Financial Corporation (NYSE:CNA - Get Free Report) announced a quarterly dividend on Monday, August 4th, RTT News reports. Shareholders of record on Monday, August 18th will be paid a dividend of 0.46 per share by the insurance provider on Thursday, September 4th. This represents a c) dividend on an annualized basis and a yield of 4.2%.

CNA Financial has a dividend payout ratio of 36.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect CNA Financial to earn $4.74 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 38.8%.

CNA Financial Stock Down 1.0%

Shares of NYSE:CNA opened at $43.89 on Monday. CNA Financial has a 12 month low of $43.29 and a 12 month high of $52.36. The company's 50-day moving average price is $45.46 and its two-hundred day moving average price is $47.50. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.24. The firm has a market cap of $11.88 billion, a P/E ratio of 13.38, a P/E/G ratio of 5.73 and a beta of 0.51.

CNA Financial (NYSE:CNA - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The insurance provider reported $1.03 EPS for the quarter, missing analysts' consensus estimates of $1.16 by ($0.13). CNA Financial had a return on equity of 11.99% and a net margin of 6.19%. The company had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.68 billion. During the same period in the prior year, the company earned $1.30 EPS. As a group, research analysts forecast that CNA Financial will post 4.64 EPS for the current fiscal year.

About CNA Financial

CNA Financial Corporation provides commercial property and casualty insurance products in the United States and internationally. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company offers professional liability coverages and risk management services to various professional firms, including architects, real estate agents, and accounting and law firms; directors and officers, employment practices, fiduciary, and fidelity and cyber coverages to small and mid-size firms, public and privately held firms, and not-for-profit organizations; professional and general liability, as well as associated casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.

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