Cincinnati Financial Corporation (CINF) to Issue Quarterly Dividend of $0.50 on October 16th
Cincinnati Financial Corporation (NASDAQ:CINF) declared a quarterly dividend on Friday, August 18th, RTT News reports. Investors of record on Friday, September 22nd will be given a dividend of 0.50 per share by the insurance provider on Monday, October 16th. This represents a $2.00 annualized dividend and a yield of 2.66%. The ex-dividend date is Thursday, September 21st.
Cincinnati Financial Corporation has raised its dividend by an average of 5.0% per year over the last three years and has increased its dividend every year for the last 56 years. Cincinnati Financial Corporation has a payout ratio of 75.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Cincinnati Financial Corporation to earn $3.03 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 66.0%.
Cincinnati Financial Corporation (CINF) opened at 75.22 on Friday. Cincinnati Financial Corporation has a 52-week low of $68.11 and a 52-week high of $81.98. The company’s 50-day moving average price is $77.35 and its 200 day moving average price is $73.26. The stock has a market capitalization of $12.33 billion, a P/E ratio of 21.55 and a beta of 0.89.
Cincinnati Financial Corporation (NASDAQ:CINF) last posted its earnings results on Wednesday, August 2nd. The insurance provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.18. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.38 billion. Cincinnati Financial Corporation had a net margin of 10.33% and a return on equity of 6.57%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 EPS. On average, equities research analysts predict that Cincinnati Financial Corporation will post $2.90 earnings per share for the current fiscal year.
WARNING: “Cincinnati Financial Corporation (CINF) to Issue Quarterly Dividend of $0.50 on October 16th” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another site, it was stolen and reposted in violation of international trademark & copyright law. The original version of this news story can be read at https://www.thecerbatgem.com/2017/09/16/cincinnati-financial-corporation-cinf-to-issue-quarterly-dividend-of-0-50-on-october-16th.html.
CINF has been the topic of a number of research reports. Zacks Investment Research lowered shares of Cincinnati Financial Corporation from a “hold” rating to a “sell” rating in a research note on Monday, June 19th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $72.00 price target on shares of Cincinnati Financial Corporation in a research note on Monday, May 22nd. BidaskClub lowered shares of Cincinnati Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Finally, Keefe, Bruyette & Woods set a $70.00 price target on shares of Cincinnati Financial Corporation and gave the company a “hold” rating in a research note on Wednesday, May 24th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Cincinnati Financial Corporation has an average rating of “Hold” and a consensus target price of $79.50.
About Cincinnati Financial Corporation
Cincinnati Financial Corporation is an insurance holding company. It operates through five segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, and Life insurance and Investments. Its Commercial Lines Insurance Segment provides five commercial business lines: commercial casualty, commercial property, commercial auto, workers’ compensation and other commercial lines.
Receive News & Stock Ratings for Cincinnati Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cincinnati Financial Corporation and related stocks with our FREE daily email newsletter.