CNA Financial Corporation (CNA) to Issue Quarterly Dividend of $0.48 on September 3rd

CNA Financial Corporation (NYSE:CNA) declared a quarterly dividend on Monday, August 3rd. Investors of record on Monday, August 17th will be paid a dividend of 0.48 per share by the insurance provider on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, August 17th.

CNA Financial has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 9 years. CNA Financial has a payout ratio of 38.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect CNA Financial to earn $4.78 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 40.2%.

CNA Financial Stock Down 1.2%

CNA Financial stock opened at $52.93 on Wednesday. The firm has a market cap of $14.32 billion, a PE ratio of 11.84, a P/E/G ratio of 7.33 and a beta of 0.28. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.26 and a current ratio of 0.27. The firm’s 50 day moving average price is $48.49 and its two-hundred day moving average price is $47.43. CNA Financial has a twelve month low of $41.53 and a twelve month high of $55.71.

CNA Financial (NYSE:CNA) last issued its earnings results on Monday, August 3rd. The insurance provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.11. CNA Financial had a net margin of 8.16% and a return on equity of 11.34%. The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same quarter last year, the business posted $1.23 EPS. On average, research analysts predict that CNA Financial will post 4.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CNA has been the subject of a number of research reports. Zacks Research raised CNA Financial from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 16th. Weiss Ratings raised CNA Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 17th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

CNA Financial Company Profile

CNA Financial Corporation is a leading U.S.-based commercial property and casualty insurance company offering a broad portfolio of risk management and insurance solutions. The company underwrites coverage for businesses of all sizes across a variety of industry sectors, including manufacturing, healthcare, energy, technology, construction and real estate. In addition to core property and casualty insurance, CNA delivers specialized products such as surety bonds, professional liability, environmental liability and commercial auto coverage.

Headquartered in Chicago, Illinois, CNA traces its origins to the founding of Continental Casualty Company in 1897.