NU Online News Service, Nov. 23, 1:54 p.m. EST
Cincinnati Financial Corporation announced that their board of directors on Friday declared a 39.5 cents per share regular quarterly cash dividend.
The dividend will be payable Jan. 15, 2010 to shareholders of record as of Dec. 23. The company noted that its annual cash dividend has increased for 49 consecutive years.
Kenneth W. Stecher, president and chief executive officer, commented, “The board remains confident that we are successfully executing our strategy to result in strong performance for the long term. Our earnings potential plus the company’s capital strength allows shareholders to benefit in the near term from cash dividends, and in the future as we invest in opportunities to profitably grow our insurance business.”