CNA Financial Corporation (NYSE:CNA) Plans Quarterly Dividend of $0.46

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. Stockholders 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) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, August 18th.

CNA Financial has a payout ratio of 36.9% indicating that its dividend is sufficiently covered by earnings. 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 Performance

Shares of CNA stock traded up $0.04 during trading hours on Friday, reaching $47.05. 174,673 shares of the company's stock were exchanged, compared to its average volume of 422,673. The business has a fifty day moving average price of $45.42 and a 200-day moving average price of $47.46. The stock has a market capitalization of $12.73 billion, a P/E ratio of 14.67, a P/E/G ratio of 5.93 and a beta of 0.51. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.23. CNA Financial has a fifty-two week low of $43.29 and a fifty-two week high of $52.36.

CNA Financial (NYSE:CNA - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.94 by $0.29. CNA Financial had a net margin of 5.99% and a return on equity of 11.85%. The firm had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the prior year, the firm earned $1.19 EPS. Analysts predict that CNA Financial will post 4.64 EPS for the current fiscal year.

CNA Financial Company Profile

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.