CNO Financial Group, Inc. Declares Quarterly Dividend of $0.17 (NYSE:CNO)

Key Points

• CNO Financial Group, Inc. declared a quarterly dividend of $0.17 per share, which will be paid to shareholders on September 24th, reflecting an annualized yield of 1.8%.
• The company has a payout ratio of 16.0%, suggesting its dividend is well covered by earnings, with analysts projecting earnings of $4.26 per share next year.
• CNO's stock traded at $36.88, with a market capitalization of $3.66 billion, and reported earnings of $0.87 per share for the last quarter, exceeding expectations.

CNO Financial Group, Inc. (NYSE:CNO - Get Free Report) announced a quarterly dividend on Wednesday, August 6th, RTT News reports. Shareholders of record on Wednesday, September 10th will be paid a dividend of 0.17 per share by the financial services provider on Wednesday, September 24th. This represents a c) dividend on an annualized basis and a yield of 1.8%.

CNO Financial Group has a payout ratio of 16.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect CNO Financial Group to earn $4.26 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 16.0%.

CNO Financial Group Stock Performance

NYSE CNO traded up $0.64 on Wednesday, hitting $36.88. 665,653 shares of the company traded hands, compared to its average volume of 718,285. The company has a current ratio of 0.17, a quick ratio of 0.18 and a debt-to-equity ratio of 1.50. The business's 50 day moving average price is $37.43 and its 200-day moving average price is $38.75. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 13.61 and a beta of 0.90. CNO Financial Group has a 52-week low of $30.99 and a 52-week high of $43.20.

CNO Financial Group (NYSE:CNO - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The financial services provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.02. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $971.25 million. CNO Financial Group had a net margin of 6.41% and a return on equity of 16.63%. During the same quarter in the previous year, the firm earned $1.06 earnings per share. Equities analysts expect that CNO Financial Group will post 3.83 earnings per share for the current year.

About CNO Financial Group

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, insurance products, and financial services for senior and middle-income markets in the United States. It offers Medicare supplement, supplemental health, and long-term care insurance policies; life insurance; and annuities, as well as Medicare advantage plans to individuals through phone, online, mail, and face-to-face.

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