CINF - Cincinnati Financial: This Quality Dividend Grower Remains On Sale

2024-06-14 08:00:00 ET

Summary

• Cincinnati Financial's feat of 63 years and counting of dividend growth is something that I can't fully fathom.
• The company thrived in every key operating metric in the first quarter.
• The property and casualty insurer's financial position and manageable dividend payout ratio should keep dividend growth alive and well for the foreseeable future.
• Shares of CINF could be priced 13% below fair value.
• The P&C insurer looks to be primed to deliver 35% cumulative total returns by the end of 2026.

Although I am self-employed, I have never run my own business. I can understand how difficult it is to lead a business to even remain a going concern over years, decades, or centuries, though.

Formerly working as an accountant, this is why I so deeply appreciate Dividend Aristocrats and Dividend Kings. These are businesses that have not only survived for decades. They haven't just paid dividends for decades....

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