Cincinnati Financial Corporation (NASDAQ:CINF) is included among the 10 Cash-Rich Dividend Stocks to Buy Right Now.
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Cincinnati Financial Corporation (NASDAQ:CINF) boasts a hundred-year history in the US insurance business with property and casualty coverage provided through a vast network of independent agents. It also markets excess and surplus coverage for unusual or high-exposure risks, plus life insurance products. The agent-based business model of the company is one of its strengths, with close relationships between local agencies and policyholders that foster loyalty and result in consistent, long-term growth.
Cincinnati Financial Corp. (NASDAQ:CINF)’s new strategy has been centered on four main areas: building relationships with independent agents, expanding and diversifying its commercial, personal, specialty, and life insurance lines, conservative management of its investment portfolio, and staying well capitalized.
Cincinnati Financial Corporation (NASDAQ:CINF) maintains one of the longest dividend growth histories in the market, spanning 64 years, which makes it one of the best cash-rich stocks. It offers a quarterly dividend of $0.87 per share with a dividend yield of 2.22%, as of September 27.
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Disclosure: None.