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Quarterly cash dividend up 11.8 percent -
$0.02 per share increase to $0.19
Cincinnati, February 7, 2000-Cincinnati Financial Corporation (Nasdaq: CINF)- Cincinnati Financial Corporation announced today that the Board of Directors voted, at their regular meeting on February 5, 2000, to increase the quarterly cash dividend 11.8 percent to $0.19 per share, payable April 14 on shares outstanding and of record on March 24. At the new level, the indicated annual dividend is $0.76 per share.
Cash dividends paid in 1999 were $0.661/3, the thirty-ninth consecutive year of increased cash dividends from the Company and its principal subsidiary that preceded it.
"The increased cash dividend reflects our confidence in our people, our agency representatives, our business strategy and our long-term outlook," commented Chairman and Chief Executive Officer John J. Schiff, Jr., CPCU.
Cincinnati Financial Corporation offers 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, health, long term care and accident insurance. CFC Investment Company supports the insurance subsidiaries and their independent agent representatives through leasing and financing activities. CinFin Capital Management provides investment management services to institutions, corporations and individuals.