Cincinnati Financial Corporation Increases Regular Quarterly Cash Dividend

CINCINNATI, Jan. 31, 2025 /PRNewswire/ -- Cincinnati Financial Corporation (Nasdaq: CINF) announced that at today's regular meeting, the board of directors declared an 87-cents-per-share regular quarterly cash dividend, increasing by 7% from the previous 81-cents-per-share dividend paid on January 15, 2025. The dividend is payable April 15, 2025, to shareholders of record as of March 24, 2025. Stephen M. Spray, president and chief executive officer, commented, "For 75 years we've focused on building financial strength to meet our insurance obligations, while also creating value for shareholders that we partially return through dividend payments. Today we are simultaneously delivering on these commitments. As we are helping policyholders in California begin to rebuild their lives, our board of directors expressed their ongoing confidence in our overall financial position by increasing our dividend and setting the stage for a 65th consecutive year of dividend increases. "While no one ever expects to experience the kind of devastation brought on by the recent California wildfires, we know it is why people buy insurance and we are responding. The financial effects of these wildfire losses will have a material effect on earnings for the first quarter of 2025. It will take additional time for us to analyze claim information and provide a meaningful estimate of losses. We take the responsibility of paying our claims seriously and manage our capital to ensure we have ample capacity to absorb insured losses and pay dividends." About Cincinnati FinancialCincinnati Financial Corporation offers primarily business, home and auto insurance through The Cincinnati Insurance Company and its two standard market property casualty companies. The same local independent insurance agencies that market those policies may offer products of our other subsidiaries, including life insurance, fixed annuities and surplus lines property and casualty insurance. For additional information about the company, please visit cinfin.com. Mailing Address: Street Address: P.O. Box 145496 6200 South Gilmore Road Cincinnati, Ohio 45250-5496 Fairfield, Ohio 45014-5141 Safe Harbor Statement This is our "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995. Our business is subject to certain risks and uncertainties that may cause actual results to differ materially from those suggested by the forward-looking statements in this report. Some of those risks and uncertainties are discussed in our 2023 Annual Report on Form 10-K, Item 1A, Risk Factors, Page 30. Further, our insurance businesses are subject to the effects of changing social, global, economic and regulatory environments. Public and regulatory initiatives have included efforts to adversely influence and restrict premium rates, restrict the ability to cancel policies, impose underwriting standards and expand overall regulation. We also are subject to public and regulatory initiatives that can affect the market value for our common stock, such as measures affecting corporate financial reporting and governance. The ultimate changes and eventual effects, if any, of these initiatives are uncertain. SOURCE Cincinnati Financial Corporation

Cincinnati Financial Corporation Increases Regular Quarterly Cash Dividend

FAQ

Why Bullish?

How important is it?

Why Short Term?

Related Companies

Related News