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.

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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.

Dividend History for Cincinnati Financial Corporation (NASDAQ:CINF)

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