Cincinnati Financial Corporation (NASDAQ:CINF) Raises Dividend to $0.94 Per Share

Cincinnati Financial Corporation (NASDAQ:CINF) announced a quarterly dividend on Friday, January 30th. Shareholders of record on Tuesday, March 24th will be paid a dividend of 0.94 per share by the insurance provider on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, March 24th. This is a 8.0% increase from Cincinnati Financial’s previous quarterly dividend of $0.87.

Cincinnati Financial has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 65 years. Cincinnati Financial has a dividend payout ratio of 46.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cincinnati Financial to earn $7.92 per share next year, which means the company should continue to be able to cover its $3.76 annual dividend with an expected future payout ratio of 47.5%.

Cincinnati Financial Price Performance

Shares of NASDAQ:CINF opened at $158.33 on Friday. Cincinnati Financial has a twelve month low of $123.01 and a twelve month high of $174.27. The stock’s 50 day moving average is $163.36 and its 200-day moving average is $161.60. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $24.65 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 3.53 and a beta of 0.63.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Monday, February 9th. The insurance provider reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.51. Cincinnati Financial had a net margin of 18.94% and a return on equity of 8.45%. The business had revenue of $3.09 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same quarter in the previous year, the business posted $3.14 EPS. Cincinnati Financial’s quarterly revenue was up 21.8% on a year-over-year basis. Sell-side analysts forecast that Cincinnati Financial will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.