Cincinnati Financial Corp. (CINF) Declares Quarterly Dividend of $0.44
Cincinnati Financial Corp. (NASDAQ:CINF) declared a quarterly dividend on Friday, January 31st, American Banking News.com reports. Shareholders of record on Wednesday, March 19th will be given a dividend of 0.44 per share on Tuesday, April 15th. This represents a $1.76 dividend on an annualized basis and a yield of 3.63%.
On the ratings front, analysts at Zacks reiterated an “outperform” rating on shares of Cincinnati Financial Corp. in a research note to investors on Tuesday, November 12th. They now have a $61.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $49.29.
Cincinnati Financial Corp. (NASDAQ:CINF) traded down 1.58% during mid-day trading on Friday, hitting $48.45. 913,892 shares of the company’s stock traded hands. Cincinnati Financial Corp. has a 52-week low of $42.65 and a 52-week high of $53.74. The stock’s 50-day moving average is $50.88 and its 200-day moving average is $49.42. The company has a market cap of $7.938 billion and a P/E ratio of 13.84.
Cincinnati Financial Corporation is engaged in property casualty insurance marketed through independent insurance agents in 39 states.
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