Cincinnati Financial raises dividend for 57th consecutive year
The quarterly dividend will be increased from $0.48 to $0.50 per share, marking the 57th consecutive annual dividend increase
The dividend is payable April 14, 2017, to shareholders of record as of March 22, 2017.
Steven J. Johnston, president and chief executive officer, commented, "Cincinnati Financial shareholders have consistently benefited from increased dividends in each of the past 56 years, and this board action lays the foundation for a 57th year.
"The company's strong capital continues to support our dividend as well as the profitable growth of our insurance business, as we seek to increase shareholder value over time. That capital, combined with the depth of our relationships with outstanding independent agents and capable, hard-working associates, bolsters the board's confidence that the company can reward shareholders in both the near and long term."
Cincinnati Financial Corporation is an insurance holding company engaged in business, home and auto insurance.
