CNO Financial Group Inc Announces Quarterly Dividend of $0.09 (CNO)

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.

A number of research firms have recently weighed in on CNO. Zacks Investment Research upgraded shares of CNO Financial Group from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Wednesday, January 10th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $24.00 price objective on shares of CNO Financial Group in a research note on Thursday, December 21st. B. Riley reiterated a “buy” rating on shares of CNO Financial Group in a research note on Monday, November 6th. Finally, Wells Fargo & Co set a $25.00 price objective on shares of CNO Financial Group and gave the stock a “hold” rating in a research note on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. CNO Financial Group has a consensus rating of “Buy” and an average target price of $24.17.

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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.

Dividend History for CNO Financial Group (NYSE:CNO)

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