Cincinnati Financial raises quarterly cash dividend 8% to 94c per share

Cincinnati Financial (CINF) announced that the board of directors declared a 94c per share regular quarterly cash dividend, increasing by 8% from the previous 87c per share dividend paid on January 15. The dividend is payable April 15 to shareholders of record as of March 24. Stephen Spray, president and CEO, commented, “The company remains well positioned to create value for shareholders and to reward them now and into the future through our industry-leading financial strength. We are optimistic about our ability to continue the successful execution of our proven strategy, which includes focusing on being the best company serving independent agents and developing talented and dedicated associates. Cincinnati Financial shareholders have consistently benefited from increased dividends in each of the past 65 years, and this board action sets the stage for continuing that record for a 66th year.”