State Auto Financial Corp (STFC) to Issue Quarterly Dividend of $0.10

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State Auto Financial Corp (NASDAQ:STFC) declared a quarterly dividend on Monday, March 4th, Wall Street Journal reports. Investors of record on Wednesday, March 13th will be paid a dividend of 0.10 per share by the insurance provider on Thursday, March 28th. This represents a $0.40 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Tuesday, March 12th.

State Auto Financial has a dividend payout ratio of 36.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect State Auto Financial to earn $2.10 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 19.0%.

Shares of NASDAQ STFC opened at $33.67 on Thursday. The stock has a market cap of $1.48 billion, a P/E ratio of 28.06 and a beta of 0.44. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.05 and a current ratio of 0.05. State Auto Financial has a 12-month low of $27.37 and a 12-month high of $35.05.

State Auto Financial (NASDAQ:STFC) last announced its quarterly earnings data on Thursday, February 14th. The insurance provider reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.04. The firm had revenue of $264.40 million during the quarter, compared to analysts’ expectations of $325.65 million. State Auto Financial had a return on equity of 6.09% and a net margin of 1.00%. The company’s quarterly revenue was down 27.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.49) EPS. On average, sell-side analysts forecast that State Auto Financial will post 1.85 earnings per share for the current fiscal year.

In other State Auto Financial news, insider Melissa A. Centers sold 1,095 shares of the business’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $34.81, for a total transaction of $38,116.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.97% of the company’s stock.

Several analysts have weighed in on STFC shares. BidaskClub cut State Auto Financial from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 2nd. Zacks Investment Research cut State Auto Financial from a “buy” rating to a “hold” rating in a report on Saturday, February 16th.

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State Auto Financial Company Profile

State Auto Financial Corporation, through its subsidiaries, engages in writing personal, business, and specialty insurance products. It operates through four segments: Personal Insurance, Commercial Insurance, Specialty Insurance, and Investment Operations. The Personal Insurance segment primarily provides personal automobile, homeowners insurance, and other personal insurance products.

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Dividend History for State Auto Financial (NASDAQ:STFC)

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