CNA Financial Co. (NYSE:CNA) Declares Quarterly Dividend of $0.46

CNA Financial Co. (NYSE:CNA) announced its quarterly dividend on Tuesday, February 11th. Shareholders who are on record as of Monday, February 24th are set to receive a dividend of $0.46 per share. This payment will be made by the insurance company on Thursday, March 13th. The new dividend amount reflects a positive increase from the previous quarterly dividend of $0.44. With this change, the annualized dividend stands at $1.84, offering a notable dividend yield of 3.76%. The ex-dividend date is also set for Monday, February 24th.

Over the past three years, CNA Financial has consistently increased its dividend, averaging a growth rate of 5.0% annually. The company's dividend payout ratio is currently at 29.9%, indicating that its earnings are more than sufficient to cover the dividends paid. Analysts predict that CNA Financial is expected to earn $4.79 per share in the upcoming year, which implies that the company will likely maintain its dividend distribution of $1.76, leading to an anticipated payout ratio of 36.7%.

CNA Financial Price Performance

On Tuesday, CNA's shares experienced a decline of $0.63 during midday trading, reaching a price of $48.97. The volume of shares traded was 590,292, which surpasses the company's average volume of 252,096. The 50-day and 200-day moving averages for the stock are $48.54 and $49.09, respectively. CNA Financial has a market capitalization of $13.26 billion, a price-to-earnings (PE) ratio of 10.20, and a beta value of 0.66. Over the past year, the stock has reached a low of $42.33 and a high of $52.36. The company's debt-to-equity ratio stands at 0.28, with both the current ratio and quick ratio at 0.26.

CNA Financial last reported its earnings on Monday, February 10th. The firm announced earnings per share (EPS) of $1.25 for the quarter, exceeding the analysts' consensus estimate of $1.11 by $0.14. The company recorded a return on equity of 13.30% and a net margin of 9.26%. Analysts project CNA Financial to report an EPS of 4.68 for the current fiscal year.

Changes in Analyst Ratings

Several analyst reports have discussed CNA Financial in recent months. For instance, StockNews.com upgraded the stock from a "hold" rating to a "buy" rating on November 13th. Conversely, Keefe, Bruyette & Woods reduced their price target on CNA Financial shares from $55.00 to $54.00, maintaining a "market perform" rating.

About CNA Financial

CNA Financial Corporation provides various insurance products, focusing on commercial property and casualty insurance both in the United States and internationally. The company operates through several segments including Specialty, Commercial, International, Life & Group, and Corporate & Other. CNA offers professional liability coverages, risk management services, and various other types of insurance tailored to different industries and needs.

CNA, dividend, insurance