CNA Financial Co. (NYSE:CNA) Raises Dividend to $0.46 Per Share

CNA Financial Co. (NYSE:CNA) declared a quarterly dividend on Monday, February 10th,Wall Street Journal reports. Investors of record on Monday, February 24th will be given a dividend of 0.46 per share by the insurance provider on Thursday, March 13th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend is Monday, February 24th. This is a boost from CNA Financial’s previous quarterly dividend of $0.44.

CNA Financial has raised its dividend payment by an average of 5.0% per year over the last three years. CNA Financial has a dividend payout ratio of 29.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect CNA Financial to earn $4.79 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 36.7%.

CNA Financial Trading Down 1.3 %

Shares of NYSE CNA opened at $48.97 on Wednesday. The stock has a market capitalization of $13.26 billion, a P/E ratio of 10.20 and a beta of 0.66. CNA Financial has a 1-year low of $42.33 and a 1-year high of $52.36. The business’s 50 day moving average is $48.53 and its two-hundred day moving average is $49.09. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.26 and a quick ratio of 0.26.

CNA Financial (NYSE:CNA) last released its earnings results on Monday, February 10th. The insurance provider reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.14. CNA Financial had a net margin of 9.26% and a return on equity of 13.30%. As a group, research analysts expect that CNA Financial will post 4.68 EPS for the current year.

Analyst Ratings Changes

CNA has been the topic of several research analyst reports. Keefe, Bruyette & Woods dropped their price objective on CNA Financial from $55.00 to $54.00 and set a “market perform” rating on the stock in a research note on Friday, January 10th. StockNews.com downgraded CNA Financial from a “buy” rating to a “hold” rating in a report on Tuesday.

CNA Financial Company Profile

CNA Financial Corporation provides commercial property and casualty insurance products in the United States and internationally. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company offers professional liability coverages and risk management services to various professional firms, including architects, real estate agents, and accounting and law firms; directors and officers, employment practices, fiduciary, and fidelity and cyber coverages to small and mid-size firms, public and privately held firms, and not-for-profit organizations; professional and general liability, as well as associated casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.