Cna Financial Corp (NYSE:CNA) Declares $0.35 Quarterly Dividend

Cna Financial Corp (NYSE:CNA) announced a quarterly dividend on Friday, August 2nd, NASDAQ reports. Shareholders of record on Monday, August 19th will be paid a dividend of 0.35 per share by the insurance provider on Thursday, September 5th. This represents a $1.40 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Friday, August 16th.

Cna Financial has increased its dividend by an average of 9.1% per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Cna Financial has a dividend payout ratio of 33.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Cna Financial to earn $4.07 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 34.4%.

Shares of Cna Financial stock opened at $48.08 on Wednesday. Cna Financial has a 1 year low of $41.49 and a 1 year high of $48.87. The stock has a 50-day simple moving average of $47.77. The company has a market capitalization of $13.09 billion, a P/E ratio of 15.51, a P/E/G ratio of 2.30 and a beta of 0.83. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.22.

Cna Financial (NYSE:CNA) last announced its quarterly earnings results on Monday, August 5th. The insurance provider reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.06. Cna Financial had a return on equity of 7.83% and a net margin of 8.44%. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the prior year, the company earned $0.99 earnings per share. On average, equities research analysts expect that Cna Financial will post 4.18 EPS for the current fiscal year.

Separately, Zacks Investment Research downgraded Cna Financial from a “hold” rating to a “sell” rating and set a $49.00 price target for the company. in a report on Tuesday, August 6th.

Cna Financial Company Profile

CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It 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 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 standard property and casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.

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Dividend History for Cna Financial (NYSE:CNA)

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