CNA Financial Corporation (NYSE:CNA) Shareholders to Get $0.48 Quarterly Dividend

CNA Financial Corporation (NYSE:CNA) announced a quarterly dividend on Monday, November 2nd. Stockholders of record on Monday, November 16th will be given a dividend of $0.48 per share by the insurance provider on Thursday, December 3rd. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Monday, November 16th.

CNA Financial has a payout ratio of 38.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect CNA Financial to earn $4.78 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 40.2%.

CNA Financial Trading Down 1.3%

Shares of CNA traded down $0.64 during trading hours on Monday, hitting $48.04. 730,087 shares of the stock traded hands, compared to its average volume of 482,992. The business has a fifty day moving average of $47.69 and a 200-day moving average of $47.71. The firm has a market capitalization of $13.00 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 5.42 and a beta of 0.22. CNA Financial has a 1-year low of $41.53 and a 1-year high of $55.71. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27.

CNA Financial (NYSE:CNA) last released its earnings results on Monday, November 2nd. The insurance provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.46). CNA Financial had a net margin of 8.16% and a return on equity of 11.34%. The business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the previous year, the company posted $1.50 earnings per share. Analysts expect that CNA Financial will post 4.24 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CNA. Zacks Research raised shares of CNA Financial from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 16th. Weiss Ratings raised CNA Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 16th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

About CNA Financial

CNA Financial Corporation (NYSE: CNA) is a commercial property and casualty insurance company serving businesses, professionals and organizations. Its offerings include commercial property, casualty, workers’ compensation, professional liability, management liability, cyber, surety, marine and other specialty insurance products.

The company distributes its products primarily through independent agents, brokers and other insurance intermediaries. CNA serves customers across the United States and Canada, as well as selected international markets, including the United Kingdom and Europe.