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.

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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.

Dividend History for Cincinnati Financial (NASDAQ:CINF)

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