CNO Financial Group, Inc. (CNO) To Go Ex-Dividend on June 10th

CNO Financial Group, Inc. (NYSE:CNO) announced a quarterly dividend on Wednesday, May 6th. Shareholders of record on Wednesday, June 10th will be given a dividend of 0.18 per share by the financial services provider on Wednesday, June 24th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, June 10th. This is a 5.9% increase from CNO Financial Group’s previous quarterly dividend of $0.17.

CNO Financial Group has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. CNO Financial Group has a dividend payout ratio of 16.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect CNO Financial Group to earn $4.78 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 14.2%.

CNO Financial Group Price Performance

CNO Financial Group stock opened at $45.92 on Friday. The stock has a market cap of $4.30 billion, a price-to-earnings ratio of 18.44 and a beta of 0.82. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.17 and a quick ratio of 0.17. CNO Financial Group has a 1 year low of $35.24 and a 1 year high of $46.33. The firm has a 50-day moving average of $42.13 and a two-hundred day moving average of $41.81.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.27. CNO Financial Group had a net margin of 5.44% and a return on equity of 17.65%. The business had revenue of $101.10 million during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the company posted $1.18 earnings per share. The business’s quarterly revenue was up 4.2% on a year-over-year basis. On average, research analysts forecast that CNO Financial Group will post 4.36 earnings per share for the current year.

CNO Financial Group Company Profile

CNO Financial Group is an Indiana?based holding company that offers a range of insurance and retirement solutions through its operating subsidiaries. Its primary business activities include life insurance, annuities, and supplemental health insurance products designed to help individuals plan for retirement and manage health?related expenses. The company serves middle?income Americans, with particular emphasis on senior customers seeking guaranteed coverage and reliable income streams.

Originally founded as Conseco in 1979, the company underwent a financial restructuring and rebranded as CNO Financial Group in 2010.