Cincinnati Financial raises quarterly cash dividend 8% to 81c per share

Cincinnati Financial announced that the board of directors declared an 81c per share regular quarterly cash dividend, increasing by 8% from the previous 75c per share dividend paid on January 16. The dividend is payable April 15 to shareholders of record as of March 19. Steven Johnston, chairman and CEO, commented, “Our long-term view for managing the company benefits Cincinnati Financial shareholders with value creation through various business and market cycles. Today’s dividend increase reflects the board’s and management’s optimism for the ongoing success of our agency-centered strategy, delivered by our outstanding associates and backed by our superior financial strength. Shareholders have been rewarded consistently from dividend increases in each of the past 63 years, a record we believe is matched by only seven other U.S. publicly traded companies, and this board action sets the stage for continuing that record for a 64th year.”