CINCINNATI, Jan. 28, 2022 /PRNewswire/ -- Cincinnati Financial Corporation (Nasdaq: CINF) announced that at today's regular meeting, the board of directors declared a 69-cents-per-share regular quarterly cash dividend, increasing by 10% from the previous 63-cents-per-share dividend paid on January 14, 2022. The dividend is payable April 15, 2022, to shareholders of record as of March 18, 2022.
Steven J. Johnston, chairman, president and chief executive officer, commented, "We believe it's important to define and execute strategies that we think will lead to profitable growth and financial strength, allowing us to reward shareholders in the near-term through dividend payments and in the long-term through share price appreciation.
"That financial strength also allows us to offer a predictable insurance market for the independent agents who represent us, to attract and retain talented associates, to promptly pay covered claims and to help families and businesses in the communities we serve proactively manage risks."
About Cincinnati FinancialCincinnati Financial Corporation offers primarily business, home and auto insurance through The Cincinnati Insurance Company and its two standard market property casualty companies. The same local independent insurance agencies that market those policies may offer products of our other subsidiaries, including life insurance, fixed annuities and surplus lines property and casualty insurance. For additional information about the company, please visit cinfin.com.
Mailing Address: Street Address:P.O. Box 145496 6200 South Gilmore RoadCincinnati, Ohio 45250-5496 Fairfield, Ohio 45014-5141
Safe Harbor Statement This is our "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995. Our business is subject to certain risks and uncertainties that may cause actual results to differ materially from those suggested by the forward-looking statements in this report. Some of those risks and uncertainties are discussed in our 2020 Annual Report on Form 10-K, Item 1A, Risk Factors, Page 34.
Factors that could cause or contribute to such differences include, but are not limited to:
Further, our insurance businesses are subject to the effects of changing social, global, economic and regulatory environments. Public and regulatory initiatives have included efforts to adversely influence and restrict premium rates, restrict the ability to cancel policies, impose underwriting standards and expand overall regulation. We also are subject to public and regulatory initiatives that can affect the market value for our common stock, such as measures affecting corporate financial reporting and governance. The ultimate changes and eventual effects, if any, of these initiatives are uncertain.
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SOURCE Cincinnati Financial Corporation
