Cna Financial Corp (CNA) to Issue Quarterly Dividend of $0.30

Cna Financial Corp (NYSE:CNA) declared a quarterly dividend on Tuesday, February 13th, Wall Street Journal reports. Shareholders of record on Monday, February 26th will be given a dividend of 0.30 per share by the insurance provider on Wednesday, March 14th. This represents a $1.20 annualized dividend and a yield of 2.30%. The ex-dividend date is Friday, February 23rd.

Cna Financial has increased its dividend payment by an average of 3.2% annually over the last three years. Cna Financial has a dividend payout ratio of 39.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Cna Financial to earn $3.77 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 31.8%.

Cna Financial (NYSE CNA) traded up $0.57 on Tuesday, reaching $52.11. The company’s stock had a trading volume of 410,276 shares, compared to its average volume of 247,346. The firm has a market capitalization of $13,341.90, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 2.61 and a beta of 1.23. Cna Financial has a 52 week low of $40.76 and a 52 week high of $55.62. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.23 and a current ratio of 0.23.

Cna Financial (NYSE:CNA) last released its quarterly earnings results on Monday, February 12th. The insurance provider reported $1.05 EPS for the quarter, topping the consensus estimate of $0.82 by $0.23. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.36 billion. Cna Financial had a return on equity of 7.14% and a net margin of 9.67%. During the same quarter in the previous year, the company posted $0.82 earnings per share. sell-side analysts predict that Cna Financial will post 3.21 earnings per share for the current fiscal year.

Several research analysts have commented on CNA shares. Zacks Investment Research raised Cna Financial from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Thursday, January 4th. ValuEngine lowered Cna Financial from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $55.00 price target on shares of Cna Financial in a research report on Wednesday, November 1st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $53.33.

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About Cna Financial

CNA Financial Corporation is an insurance holding company. The Company’s segments include Specialty, Commercial, International, Life & Group Non-Core, and Corporate & Other Non-Core. Its Specialty segment provides a range of professional, financial, and specialty property, and casualty products and services.

Dividend History for Cna Financial (NYSE:CNA)

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