CNO Financial Group, Inc. (NYSE:CNO) to Issue $0.17 Quarterly Dividend

CNO Financial Group, Inc. (NYSE:CNO) announced a quarterly dividend on Wednesday, November 12th. Investors of record on Wednesday, December 10th will be given a dividend of 0.17 per share by the financial services provider on Tuesday, December 23rd. This represents a c) annualized dividend and a yield of 1.6%. 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 payout ratio of 16.0% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of NYSE CNO opened at $41.60 on Thursday. The stock’s 50-day simple moving average is $39.77 and its two-hundred day simple moving average is $38.49. CNO Financial Group has a twelve month low of $34.63 and a twelve month high of $43.20. The firm has a market capitalization of $3.97 billion, a P/E ratio of 15.35 and a beta of 0.94. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.50.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings data on Friday, May 19th. The financial services provider reported $0.84 earnings per share for the quarter. The company had revenue of $968.30 million for the quarter. CNO Financial Group had a net margin of 6.41% and a return on equity of 16.63%. As a group, equities analysts anticipate that CNO Financial Group will post 3.83 EPS for the current fiscal year.

About CNO Financial Group

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.