CNA Financial Corporation (CNA) to Issue Quarterly Dividend of $0.46 on December 4th

CNA Financial Corporation (NYSE:CNA) declared a quarterly dividend on Monday, November 3rd. Investors of record on Monday, November 17th will be given a dividend of 0.46 per share by the insurance provider on Thursday, December 4th. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Monday, November 17th.

CNA Financial has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 9 years. CNA Financial has a payout ratio of 36.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect CNA Financial to earn $4.74 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 38.8%.

CNA Financial Stock Up 0.3%

Shares of CNA opened at $46.33 on Friday. The firm has a fifty day moving average price of $45.93 and a 200-day moving average price of $46.46. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $12.54 billion, a P/E ratio of 14.43, a P/E/G ratio of 3.86 and a beta of 0.50. CNA Financial has a 12-month low of $43.29 and a 12-month high of $51.42.

CNA Financial (NYSE:CNA) last released its quarterly earnings data on Monday, November 3rd. The insurance provider reported $1.50 EPS for the quarter, topping the consensus estimate of $1.25 by $0.25. CNA Financial had a return on equity of 11.85% and a net margin of 5.99%.The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same period last year, the business posted $1.08 EPS. Equities research analysts expect that CNA Financial will post 4.64 earnings per share for the current year.

Wall Street Analyst Weigh In

CNA has been the topic of several research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of CNA Financial in a report on Thursday. Zacks Research upgraded CNA Financial from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Finally, Wall Street Zen upgraded CNA Financial from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $53.00.

About CNA Financial

CNA Financial Corporation provides commercial property and casualty insurance products in the United States and internationally. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company offers professional liability coverages and risk management services to various professional firms, including architects, real estate agents, and accounting and law firms; directors and officers, employment practices, fiduciary, and fidelity and cyber coverages to small and mid-size firms, public and privately held firms, and not-for-profit organizations; professional and general liability, as well as associated casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.