Cincinnati Financial Co. (CINF) To Go Ex-Dividend on December 19th
Cincinnati Financial Co. (NASDAQ:CINF) declared a quarterly dividend on Friday, November 17th, RTT News reports. Shareholders 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 2.71%. The ex-dividend date of this dividend is Tuesday, December 19th.
Cincinnati Financial has increased its dividend payment by an average of 5.0% annually over the last three years and has raised its dividend every year for the last 56 years. Cincinnati Financial has a dividend payout ratio of 75.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Cincinnati Financial 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%.
Cincinnati Financial (NASDAQ:CINF) opened at $73.68 on Thursday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $12,226.63, a price-to-earnings ratio of 29.11 and a beta of 0.93. Cincinnati Financial has a twelve month low of $68.24 and a twelve month high of $81.98.
Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Thursday, October 26th. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.42 billion. Cincinnati Financial 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 prior year, the company earned $0.86 earnings per share. equities analysts forecast that Cincinnati Financial will post 2.65 EPS for the current year.
A number of research firms have issued reports on CINF. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $70.00 price objective on shares of Cincinnati Financial in a report on Friday, August 18th. Zacks Investment Research upgraded Cincinnati Financial from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Tuesday, September 12th. Finally, BidaskClub downgraded Cincinnati Financial from a “sell” rating to a “strong sell” rating in a report on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Cincinnati Financial has a consensus rating of “Hold” and a consensus target price of $79.25.
WARNING: “Cincinnati Financial Co. (CINF) To Go Ex-Dividend on December 19th” was originally published by Daily Political and is the property of of Daily Political. If you are reading this story on another domain, it was copied illegally and republished in violation of US & international trademark & copyright laws. The legal version of this story can be read at https://www.dailypolitical.com/2017/12/14/cincinnati-financial-co-cinf-to-go-ex-dividend-on-december-19th.html.
About Cincinnati Financial
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.
Receive News & Ratings for Cincinnati Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cincinnati Financial and related companies with MarketBeat.com's FREE daily email newsletter.