CNA Financial Co. (CNA) to Issue Quarterly Dividend of $0.46 on March 13th

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

CNA Financial has raised its dividend payment by an average of 5.0% annually 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 Stock Down 1.3 %

CNA opened at $48.97 on Wednesday. CNA Financial has a 12 month low of $42.33 and a 12 month high of $52.36. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.28. The business’s 50-day moving average price is $48.53 and its 200-day moving average price is $49.09. The company has a market cap of $13.26 billion, a P/E ratio of 10.20 and a beta of 0.66.

CNA Financial (NYSE:CNA) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $1.25 earnings per share for the quarter, beating 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%. On average, equities analysts expect that CNA Financial will post 4.68 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. StockNews.com downgraded CNA Financial from a “buy” rating to a “hold” rating in a report on Tuesday. Keefe, Bruyette & Woods reduced their price target 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.

About CNA Financial

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.