CNA Financial Corporation (NYSE:CNA) Shareholders to Collect $0.48 Quarterly Dividend

Key Points

• CNA Financial declared a quarterly dividend of $0.48 per share, payable December 3 to shareholders of record on November 16. The annualized dividend is $1.92 per share, yielding approximately 4.0%.
• The dividend appears well covered, with a current payout ratio of 38.6% and an expected future payout ratio of 40.2% based on analysts’ projected earnings.
• CNA reported quarterly EPS of $0.75, missing the $1.21 consensus estimate, while revenue reached $3.82 billion. Its shares fell 1.3% to $48.04 during Monday trading.

CNA Financial Corporation (NYSE:CNA - Get Free Report) announced a quarterly dividend on Monday, November 2nd. Stockholders of record on Monday, November 16th will be given a dividend of $0.48 per share by the insurance provider on Thursday, December 3rd. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Monday, November 16th.

CNA Financial has a dividend payout ratio of 38.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect CNA Financial to earn $4.78 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 40.2%.

CNA Financial Stock Down 1.3%

NYSE CNA traded down $0.64 during trading on Monday, hitting $48.04. 730,087 shares of the company traded hands, compared to its average volume of 482,992. CNA Financial has a 12 month low of $41.53 and a 12 month high of $55.71. The business has a fifty day simple moving average of $47.69 and a 200 day simple moving average of $47.71. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $13.00 billion, a P/E ratio of 10.56, a PEG ratio of 5.42 and a beta of 0.22.

CNA Financial (NYSE:CNA - Get Free Report) last released its quarterly earnings results on Monday, November 2nd. The insurance provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.46). The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.02 billion. CNA Financial had a return on equity of 11.34% and a net margin of 8.16%. During the same quarter last year, the company posted $1.50 EPS. As a group, sell-side analysts predict that CNA Financial will post 4.24 EPS for the current year.

CNA Financial Company Profile

CNA Financial Corporation NYSE: CNA is a commercial property and casualty insurance company serving businesses, professionals and organizations. Its offerings include commercial property, casualty, workers' compensation, professional liability, management liability, cyber, surety, marine and other specialty insurance products.

The company distributes its products primarily through independent agents, brokers and other insurance intermediaries. CNA serves customers across the United States and Canada, as well as selected international markets, including the United Kingdom and Europe.

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