CNO Financial Group, Inc. (NYSE:CNO) declared a quarterly dividend on Friday, November 17th, Wall Street Journal reports. Shareholders of record on Monday, December 11th will be paid a dividend of 0.09 per share by the financial services provider on Tuesday, December 26th. This represents a $0.36 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Friday, December 8th.
CNO Financial Group has raised its dividend by an average of 41.3% annually over the last three years and has increased its dividend annually for the last 4 consecutive years. CNO Financial Group has a dividend payout ratio of 21.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect CNO Financial Group to earn $1.63 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 22.1%.
CNO Financial Group (NYSE CNO) opened at $25.43 on Thursday. CNO Financial Group has a 12 month low of $18.44 and a 12 month high of $25.83. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $4,269.55, a PE ratio of 16.01, a price-to-earnings-growth ratio of 1.54 and a beta of 1.20.
A number of analysts have recently issued reports on CNO shares. B. Riley reiterated a “buy” rating on shares of CNO Financial Group in a research report on Monday, November 6th. Zacks Investment Research downgraded CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. Wells Fargo & Company set a $22.00 price target on CNO Financial Group and gave the company a “hold” rating in a research report on Wednesday, October 25th. Goldman Sachs Group started coverage on CNO Financial Group in a research report on Wednesday, October 18th. They set a “neutral” rating and a $24.00 price target for the company. Finally, Morgan Stanley downgraded CNO Financial Group from an “equal weight” rating to an “underweight” rating and set a $21.00 price target for the company. in a research report on Monday, August 14th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. CNO Financial Group currently has an average rating of “Hold” and an average price target of $22.25.
WARNING: “CNO Financial Group, Inc. (CNO) to Issue Quarterly Dividend of $0.09 on December 26th” was published by Community Financial News and is owned by of Community Financial News. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.com-unik.info/2017/12/07/cno-financial-group-inc-cno-to-issue-quarterly-dividend-of-0-09-on-december-26th.html.
About CNO Financial Group
CNO Financial Group, Inc is a holding company for a group of insurance companies operating throughout the United States that develops, markets and administers health insurance, annuity, individual life insurance and other insurance products. The Company’s segments include Bankers Life, Washington National and Colonial Penn.
What are top analysts saying about CNO Financial Group Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for CNO Financial Group Inc. and related companies.