CNO Financial Group, Inc. (CNO) to Issue Quarterly Dividend of $0.17 on December 23rd

CNO Financial Group, Inc. (NYSE:CNO) announced a quarterly dividend on Wednesday, November 12th. Shareholders of record on Wednesday, December 10th will be paid a dividend of 0.17 per share by the financial services provider on Tuesday, December 23rd. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, December 10th.

CNO Financial Group has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 2 years. CNO Financial Group has a dividend payout ratio of 16.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect CNO Financial Group to earn $4.26 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 16.0%.

CNO Financial Group Stock Down 0.2%

CNO Financial Group stock opened at $40.19 on Monday. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 14.05 and a beta of 0.86. The firm’s fifty day moving average price is $40.13 and its two-hundred day moving average price is $38.77. CNO Financial Group has a 1-year low of $34.63 and a 1-year high of $43.20. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.45.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings results on Friday, May 19th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter. The business had revenue of $968.30 million during the quarter. CNO Financial Group had a return on equity of 15.81% and a net margin of 6.64%. On average, equities research analysts predict that CNO Financial Group will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Company Profile

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, insurance products, and financial services for senior and middle-income markets in the United States. It offers Medicare supplement, supplemental health, and long-term care insurance policies; life insurance; and annuities, as well as Medicare advantage plans to individuals through phone, online, mail, and face-to-face.