Cincinnati Financial Has Raised Its Dividend for 65 Straight Years. At 10 Times Earnings, Is the Dividend King a Buy?
Cincinnati Financial has an impressive dividend history, but there's more to consider before you buy this insurance stock.
Overview
Cincinnati Financial (NASDAQ: CINF) has done something that few companies have: it has increased its dividend for 65 consecutive years. There are only seven companies ahead of it on the Dividend King list. However, is a long streak of dividend increases enough to make the stock a buy? Here's what you need to know before you jump aboard this Dividend King.
Cincinnati Financial is a property and casualty insurer. From that perspective, there's nothing particularly exciting about the company. It makes money just like other insurance companies, through a mix of premiums and investment income from its float.
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Originally published at www.fool.com.