CNA Financial Corporation (NYSE:CNA) to Issue Quarterly Dividend of $0.46

CNA Financial Corporation (NYSE:CNA) declared a quarterly dividend on Monday, November 3rd. Stockholders of record on Monday, November 17th will be paid a dividend of 0.46 per share by the insurance provider on Thursday, December 4th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Monday, November 17th.

CNA Financial has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 9 consecutive years. CNA Financial has a payout ratio of 36.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect CNA Financial to earn $4.74 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 38.8%.

CNA Financial Stock Down 1.1%

Shares of CNA Financial stock traded down $0.48 on Monday, reaching $44.07. The stock had a trading volume of 695,377 shares, compared to its average volume of 426,221. The company has a 50 day moving average price of $46.68 and a 200 day moving average price of $46.62. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.23. CNA Financial has a 1 year low of $43.29 and a 1 year high of $51.42. The stock has a market capitalization of $11.93 billion, a P/E ratio of 13.73, a P/E/G ratio of 3.86 and a beta of 0.50.

CNA Financial (NYSE:CNA) last announced its quarterly earnings data on Monday, November 3rd. The insurance provider reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.25. The business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $2.84 billion. CNA Financial had a return on equity of 11.85% and a net margin of 5.99%.During the same period in the prior year, the company earned $1.08 earnings per share. As a group, equities research analysts forecast that CNA Financial will post 4.64 EPS for the current year.

CNA Financial Company Profile

CNA Financial Corporation provides commercial property and casualty insurance products in the United States and internationally. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company offers professional liability coverages and risk management services to various professional firms, including architects, real estate agents, and accounting and law firms; directors and officers, employment practices, fiduciary, and fidelity and cyber coverages to small and mid-size firms, public and privately held firms, and not-for-profit organizations; professional and general liability, as well as associated casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.