Cincinnati Financial Corporation Announces Dividend Increase to $0.94 per Share

Cincinnati Financial will increase its dividend to $0.94 per share, with a yield of 2.2%. The company's earnings easily cover the dividend and future projections suggest a payout ratio of 56%. Cincinnati Financial has a solid track record of dividend payments, growing distributions at a 7.4% annual rate over the past decade. The company's stable dividend policy and strong earnings make it an attractive income stock.