Cincinnati Financial Stock To Go Ex-dividend Monday (CINF)
The ex-dividend date for Cincinnati Financial Corporation (Nasdaq:CINF) is Monday, March 19, 2012. Owners of shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $35.95 as of 9:30 a.m., the dividend yield is 4.5%.
NEW YORK ( TheStreet) -- The ex-dividend date for Cincinnati Financial Corporation (Nasdaq: CINF) is Monday, March 19, 2012. Owners of shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $35.95 as of 9:30 a.m. ET, the dividend yield is 4.5%. The average volume for Cincinnati Financial has been 1.3 million shares per day over the past 30 days. Cincinnati Financial has a market cap of $5.26 billion and is part of the financial sector and insurance industry. Shares are up 16.7% year to date as of the close of trading on Thursday. Cincinnati Financial Corporation engages in the property casualty insurance business in the United States. Its Commercial Lines Property Casualty Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation. The company has a P/E ratio of 34.9, above the average insurance industry P/E ratio of 33.1 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Cincinnati Financial as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Cincinnati Financial Ratings Report. See our dividend calendar or top-yielding stocks list.