Cincinnati Financial (CINF) will raise its quarterly dividend by 9.5 percent to 69 cents per share in 2022. This follows a dividend hike of 5.0 percent to 63 cents per share in 2021. Dividend Aristocrat CINF has now raised its annual dividend for 61 consecutive years.
The next CINF dividend is payable April 15, 2022, to shareholders of record as of March 18, 2022. A new annualized dividend rate of $2.76 per share yields 2.4% at a stock price of $117 for Cincinnati Financial. This is the biggest dividend increase since 2008 by CINF.
Cincinnati Financial offers 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 CINF's other subsidiaries, including life insurance, fixed annuities and surplus lines property and casualty insurance. The company segments are commercial lines insurance, personal lines insurance, excess and surplus lines insurance, and life insurance and investments.