CINCINNATI, Nov. 17 /PRNewswire-FirstCall/ -- Cincinnati Financial Corporation (Nasdaq: CINF) today announced that at its regular meeting on November 14, 2003, the board of directors declared a 25 cents per share regular quarterly cash dividend payable January 15, 2004, to shareholders of record on December 23, 2003. The annual dividend declared in 2003 was $1.00 per share, up from 89 cents per share in 2002.
Chairman and Chief Executive Officer John J. Schiff, Jr., CPCU commented, "For the past 43 years, Cincinnati Financial has paid increasing cash dividends, this year alone returning to shareholders more than $203 million in cash dividends and stock repurchases. This amount reflects the board's confidence in the company's ability to maintain the advantages that have put us on track to achieve record revenue and earnings for the full year-our proven agency-centered business strategy, equity-focused investment philosophy and recognized financial strength."
Cincinnati Financial Corporation offers property and casualty insurance, its main business, through The Cincinnati Insurance Company, The Cincinnati Indemnity Company and The Cincinnati Casualty Company. The Cincinnati Life Insurance Company markets life, disability income and long-term care insurance and annuities. CFC Investment Company supports the insurance subsidiaries and their independent agent representatives through commercial leasing and financing activities. CinFin Capital Management Company provides asset management services to institutions, corporations and individuals. For additional information, please visit the company's Web site at www.cinfin.com .
SOURCE Cincinnati Financial Corporation
-0- 11/17/2003
/CONTACT: investors, Heather J. Wietzel, +1-513-603-5236, or media, Joan
O. Shevchik, +1-513-603-5323/
/Web site: http://www.cinfin.com/
(CINF)