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.
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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