Cincinnati Financial Corporation (CINF) to Issue $0.50 Quarterly Dividend

Cincinnati Financial Corporation (NASDAQ:CINF) declared a quarterly dividend on Friday, November 17th, RTT News reports. Investors of record on Wednesday, December 20th will be given a dividend of 0.50 per share by the insurance provider on Tuesday, January 16th. This represents a $2.00 dividend on an annualized basis and a yield of 2.72%.

Cincinnati Financial Corporation has increased its dividend payment by an average of 5.0% per year over the last three years and has raised its dividend annually for the last 56 consecutive years. Cincinnati Financial Corporation has a payout ratio of 75.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Cincinnati Financial Corporation to earn $3.00 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 66.7%.

Shares of Cincinnati Financial Corporation (NASDAQ CINF) opened at $73.46 on Friday. The stock has a market capitalization of $12,070.00, a P/E ratio of 28.93 and a beta of 0.92. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.29 and a quick ratio of 0.29. Cincinnati Financial Corporation has a 12-month low of $68.24 and a 12-month high of $81.98.

Cincinnati Financial Corporation (NASDAQ:CINF) last announced its earnings results on Thursday, October 26th. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.42 billion. Cincinnati Financial Corporation had a return on equity of 5.85% and a net margin of 8.93%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.86 earnings per share. equities research analysts expect that Cincinnati Financial Corporation will post 2.65 EPS for the current year.

A number of brokerages have issued reports on CINF. BidaskClub raised Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Zacks Investment Research raised Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $70.00 target price on shares of Cincinnati Financial Corporation in a research report on Friday, August 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $79.25.

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About Cincinnati Financial Corporation

Cincinnati Financial Corporation is an insurance holding company. It operates through five segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, and Life insurance and Investments. Its Commercial Lines Insurance Segment provides five commercial business lines: commercial casualty, commercial property, commercial auto, workers’ compensation and other commercial lines.

Dividend History for Cincinnati Financial Corporation (NASDAQ:CINF)

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