CNO Financial Group Inc (NYSE:CNO) announced a quarterly dividend on Thursday, February 22nd, Wall Street Journal reports. Stockholders of record on Friday, March 9th will be given a dividend of 0.09 per share by the financial services provider on Friday, March 23rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, March 8th.
CNO Financial Group has raised its dividend payment by an average of 13.4% per year over the last three years and has raised its dividend annually for the last 5 consecutive years. CNO Financial Group has a payout ratio of 21.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect CNO Financial Group to earn $2.15 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 16.7%.
Shares of CNO Financial Group (CNO) opened at $22.83 on Friday. The firm has a market cap of $3,892.79, a price-to-earnings ratio of 12.61, a PEG ratio of 1.17 and a beta of 1.10. CNO Financial Group has a 52 week low of $19.37 and a 52 week high of $26.47. The company has a quick ratio of 0.16, a current ratio of 0.15 and a debt-to-equity ratio of 0.53.
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About CNO Financial Group
CNO Financial Group, Inc is a holding company for a group of insurance companies operating throughout the United States that develops, markets and administers health insurance, annuity, individual life insurance and other insurance products. The Company’s segments include Bankers Life, Washington National and Colonial Penn.
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