Cincinnati Financial Corporation (CINF) to Issue Quarterly Dividend of $0.94 on July 15th

Cincinnati Financial Corporation (NASDAQ:CINF) announced a quarterly dividend on Saturday, May 2nd. Investors of record on Tuesday, June 23rd will be given a dividend of 0.94 per share by the insurance provider on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Cincinnati Financial has increased its dividend by an average of 0.1%annually 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% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Cincinnati Financial to earn $9.01 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 41.7%.

Cincinnati Financial Stock Down 1.5%

NASDAQ:CINF traded down $2.48 on Monday, hitting $159.57. The stock had a trading volume of 472,756 shares, compared to its average volume of 763,111. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market cap of $24.68 billion, a P/E ratio of 9.12, a price-to-earnings-growth ratio of 3.52 and a beta of 0.59. Cincinnati Financial has a 1 year low of $141.78 and a 1 year high of $174.27. The firm’s fifty day simple moving average is $162.69 and its two-hundred day simple moving average is $162.55.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Monday, April 27th. The insurance provider reported $2.10 EPS for the quarter, beating the consensus estimate of $1.93 by $0.17. The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.61 billion. Cincinnati Financial had a net margin of 21.33% and a return on equity of 10.57%. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.24) EPS. Analysts predict that Cincinnati Financial will post 8.59 earnings per share for the current 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.