|View printer-friendly version|
|Cincinnati Financial Corporation Declares Regular Quarterly Cash Dividend|
If there is a problem viewing this release due to screen resolution settings, please download printable version.
CINCINNATI, Nov. 19 /PRNewswire-FirstCall/ -- Cincinnati Financial Corporation (Nasdaq: CINF) today announced that the board of directors has declared a 35-1/2 cents per share regular quarterly cash dividend payable January 15, 2008, to shareholders of record on December 21, 2007. The current dividend level reflects the 6.0 percent increase in the quarterly dividend rate announced by the board in February. That action makes 2007 the 47th consecutive year of higher annual cash dividends declared.
Chairman and Chief Executive Officer John J. Schiff, Jr., CPCU, commented, "Your company has returned $544 million to shareholders so far in 2007 through cash dividends and a record level of repurchase activity, including the accelerated share repurchase agreement we announced in October. At the same time, the board of directors expanded their repurchase authorization to communicate to shareholders its confidence in our business and our long-term outlook. We expect the board to continue to take actions to support the delivery of increasing shareholder value over the long-term."
Cincinnati Financial Corporation offers standard market property and casualty insurance, our main business, through The Cincinnati Insurance Company, The Cincinnati Indemnity Company and The Cincinnati Casualty Company. The Cincinnati Life Insurance Company markets life and disability income insurance and annuities. CFC Investment Company offers commercial leasing and financing services. CinFin Capital Management Company provides asset management services to institutions, corporations and individuals. Recently incorporated subsidiaries, The Cincinnati Specialty Underwriters Insurance Company and CSU Producer Resources, will begin offering excess and surplus lines insurance in 2008 through the same local independent agencies that market our current policies. For additional information about the company, please visit www.cinfin.com.
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 2006 Annual Report on Form 10-K, Item 1A, Risk Factors, Page 20. Although we often review or update our forward-looking statements when events warrant, we caution our readers that we undertake no obligation to do so. Factors that could cause or contribute to such differences include, but are not limited to:
Further, the company's insurance businesses are subject to the effects of changing social, 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. The company also is subject to public and regulatory initiatives that can affect the market value for its common stock, such as recent measures affecting corporate financial reporting and governance. The ultimate changes and eventual effects, if any, of these initiatives are uncertain.SOURCE Cincinnati Financial Corporation
CONTACT: Investor Contact: Heather J. Wietzel, +1-513-870-2768,
or Media Contact: Joan O. Shevchik, +1-513-603-5323, both of Cincinnati Financial Corporation
Web site: http://www.cinfin.com
|Request Electronic Delivery|
|If you are a shareholder, consider enrolling in Electronic Delivery. You will receive e-mail alerts instead of hard-copy mailings, saving your company's dollars.|
|Receive E-mail Alerts|
When the company posts new information to this site, you can receive instant e-mail alerts.
Sign up now!
|Printer-Friendly Version | E-mail Alerts | IR Contacts|