Cna Financial Corp (NYSE:CNA) declared 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 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% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Cna Financial has a payout ratio of 33.7% meaning its dividend is sufficiently covered by earnings. 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 company has a debt-to-equity ratio of 0.22, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a market cap 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 stock’s fifty day simple moving average is $47.77.
Separately, Zacks Investment Research downgraded shares of Cna Financial from a “hold” rating to a “sell” rating and set a $49.00 target price on the stock. in a report on Tuesday, August 6th.
About Cna Financial
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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