Le Lézard
Classified in: Business, Covid-19 virus
Subject: DIV

Cincinnati Financial Corporation Increases Regular Quarterly Cash Dividend


CINCINNATI, Jan. 29, 2021 /PRNewswire/ -- Cincinnati Financial Corporation (Nasdaq: CINF) announced that at today's regular meeting, the board of directors declared a 63-cents-per-share regular quarterly cash dividend, increasing from the previous 60-cents-per-share dividend paid on January 15, 2021. The dividend is payable April 15, 2021, to shareholders of record as of March 17, 2021.

Steven J. Johnston, chairman, president and chief executive officer, commented: "The company remains well positioned to reward shareholders in the near term and long term, thanks to our financial strength and the successes achieved by our outstanding independent agents and our talented associates who remained focused on our key growth and profitability initiatives.

"Cincinnati Financial shareholders have consistently benefited from increased dividends in each of the past 60 years, and this board action sets the stage for continuing that record for a 61st year. The board continues to favor regular dividends as the primary means of returning capital to shareholders."

About Cincinnati Financial
Cincinnati 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 2019 Annual Report on Form 10-K, Item 1A, Risk Factors, Page 35 and Item 1A, Risk Factors in our subsequent Quarterly Reports on Form 10-Q.

Factors that could cause or contribute to such differences include, but are not limited to:

Further, the company's 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. The company also is subject to public and regulatory initiatives that can affect the market value for its common stock, such as measures affecting corporate financial reporting and governance. The ultimate changes and eventual effects, if any, of these initiatives are uncertain.

Cincinnati Financial Corporation logo. (PRNewsFoto/Cincinnati Financial Corporation) (PRNewsFoto/CINCINNATI FINANCIAL CORPORATION)

 

 

SOURCE Cincinnati Financial Corporation


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