CNO Financial Group, Inc. (NYSE:CNO) announced a quarterly dividend on Friday, November 17th, Wall Street Journal reports. Investors of record on Monday, December 11th will be paid a dividend of 0.09 per share by the financial services provider on Tuesday, December 26th. This represents a $0.36 annualized dividend and a yield of 1.43%. The ex-dividend date is Friday, December 8th.

CNO Financial Group has increased its dividend payment by an average of 41.3% annually over the last three years and has increased its dividend every year for the last 4 years. CNO Financial Group has a dividend payout ratio of 21.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect CNO Financial Group to earn $1.63 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 22.1%.

Shares of CNO Financial Group (NYSE:CNO) opened at $25.10 on Friday. The stock has a market capitalization of $4,210.83, a PE ratio of 15.79, a P/E/G ratio of 1.52 and a beta of 1.20. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.16 and a quick ratio of 0.16. CNO Financial Group has a one year low of $17.92 and a one year high of $25.52.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.06. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1 billion. CNO Financial Group had a return on equity of 5.88% and a net margin of 11.41%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.37 EPS. analysts predict that CNO Financial Group will post 1.65 earnings per share for the current year.

Several equities research analysts recently issued reports on CNO shares. B. Riley reissued a “buy” rating on shares of CNO Financial Group in a research note on Monday, November 6th. Morgan Stanley downgraded CNO Financial Group from an “equal weight” rating to an “underweight” rating and set a $21.00 price objective for the company. in a research note on Monday, August 14th. They noted that the move was a valuation call. Wells Fargo & Company set a $22.00 price objective on CNO Financial Group and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Zacks Investment Research raised CNO Financial Group from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Monday, August 7th. Finally, Goldman Sachs Group started coverage on CNO Financial Group in a research note on Wednesday, October 18th. They issued a “neutral” rating and a $24.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. CNO Financial Group presently has an average rating of “Hold” and a consensus target price of $22.25.

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About CNO Financial Group

CNO Financial Group, Inc is a holding company for a group of insurance companies operating throughout the United States that develops, markets and administers health insurance, annuity, individual life insurance and other insurance products. The Company’s segments include Bankers Life, Washington National and Colonial Penn.

Dividend History for CNO Financial Group (NYSE:CNO)

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