Cna Financial Corp (NYSE:CNA) announced a quarterly dividend on Monday, November 5th, NASDAQ reports. Shareholders of record on Monday, November 19th will be given a dividend of 0.35 per share by the insurance provider on Wednesday, December 5th. This represents a $1.40 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Friday, November 16th.
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 33.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Cna Financial to earn $4.33 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 32.3%.
CNA opened at $47.48 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.25 and a quick ratio of 0.25. Cna Financial has a 52 week low of $41.92 and a 52 week high of $55.62. The firm has a market cap of $11.88 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 2.08 and a beta of 1.05.
Cna Financial (NYSE:CNA) last released its earnings results on Monday, November 5th. The insurance provider reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.10. Cna Financial had a net margin of 9.32% and a return on equity of 8.43%. During the same quarter last year, the firm posted $0.58 earnings per share. Equities analysts expect that Cna Financial will post 4.2 EPS for the current year.
A number of analysts have commented on the stock. Zacks Investment Research raised shares of Cna Financial from a “sell” rating to a “hold” rating in a report on Wednesday, August 1st. ValuEngine lowered shares of Cna Financial from a “hold” rating to a “sell” rating in a report on Friday, August 3rd.
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Cna Financial Company Profile
CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company's property insurance products include property, marine, boiler, and machinery coverages; and casualty insurance products comprise workers compensation, general and product liability, commercial auto, and umbrella coverages.
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