CNO Financial Group, Inc. (NYSE:CNO – Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Thursday, September 10th will be paid a dividend of 0.18 per share by the financial services provider on Thursday, September 24th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, September 10th.
CNO Financial Group has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. CNO Financial Group has a dividend payout ratio of 17.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect CNO Financial Group to earn $4.95 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 14.5%.
CNO Financial Group Trading Up 0.3%
NYSE:CNO opened at $55.59 on Thursday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.17 and a current ratio of 0.17. CNO Financial Group has a one year low of $35.81 and a one year high of $57.59. The business’s 50-day simple moving average is $51.49 and its 200 day simple moving average is $45.90. The stock has a market cap of $5.19 billion, a price-to-earnings ratio of 19.10 and a beta of 0.81.
About CNO Financial Group
CNO Financial Group is an Indiana‐based holding company that offers a range of insurance and retirement solutions through its operating subsidiaries. Its primary business activities include life insurance, annuities, and supplemental health insurance products designed to help individuals plan for retirement and manage health‐related expenses. The company serves middle‐income Americans, with particular emphasis on senior customers seeking guaranteed coverage and reliable income streams.
Originally founded as Conseco in 1979, the company underwent a financial restructuring and rebranded as CNO Financial Group in 2010.
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