Quarterly cash dividend up 6 percent
CINCINNATI, Feb 4, 2002 /PRNewswire/ -- Cincinnati Financial Corporation (Nasdaq: CINF) announced today that the Board of Directors voted, at their regular meeting on February 2, 2002, to increase the quarterly cash dividend 6 percent to 22-1/4 cents per share, payable April 15 on shares outstanding and of record on March 22. At the new level, the indicated annual dividend is 89 cents per share. Cash dividends declared in 2001 were 84 cents per share."Increasing the dividend by 6 percent, the 42nd year in which our Company has raised its payout to shareholders, attests to our Board's commitment to increasing the return to our shareholders through all kinds of business and economic cycles," commented Chairman and Chief Executive Officer John J. Schiff, Jr., CPCU. "Cincinnati Financial seeks to achieve consistent growth and profitability and share that success with shareholders."
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, long term care and disability income insurance and annuities. CFC Investment Company supports the insurance subsidiaries and their independent agent representatives through commercial leasing and financing activities. CinFin Capital Management provides asset management services to institutions, corporations and individuals. For additional information, please visit our Web site at www.cinfin.com .
SOURCE Cincinnati Financial Corporation
CONTACT: Kenneth W. Stecher, Chief Financial Officer of Cincinnati
Financial Corporation, +1-513-603-5236
URL: http://www.cinfin.com