Cna Financial Corp (CNA) to Issue $0.30 Quarterly Dividend
Cna Financial Corp (NYSE:CNA) declared a quarterly dividend on Tuesday, February 13th, Wall Street Journal reports. Stockholders of record on Monday, February 26th will be given a dividend of 0.30 per share by the insurance provider on Wednesday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Friday, February 23rd.
Cna Financial has raised its dividend by an average of 3.2% per year over the last three years. Cna Financial has a dividend payout ratio of 39.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Cna Financial to earn $3.77 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 31.8%.
Cna Financial (CNA) traded up $0.57 during trading hours on Tuesday, hitting $52.11. The stock had a trading volume of 410,276 shares, compared to its average volume of 247,346. The firm has a market capitalization of $13,341.90, a price-to-earnings ratio of 15.15, a P/E/G ratio of 2.61 and a beta of 1.23. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.23 and a current ratio of 0.23. Cna Financial has a 1-year low of $40.76 and a 1-year high of $55.62.
CNA has been the topic of a number of recent research reports. ValuEngine lowered Cna Financial from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research raised Cna Financial from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Thursday, January 4th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $55.00 price objective on shares of Cna Financial in a report on Wednesday, November 1st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $53.33.
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Cna Financial Company Profile
CNA Financial Corporation is an insurance holding company. The Company’s segments include Specialty, Commercial, International, Life & Group Non-Core, and Corporate & Other Non-Core. Its Specialty segment provides a range of professional, financial, and specialty property, and casualty products and services.
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