CNA Financial: The 7% Juicy Dividend Is Still There

CNA Financial has just released its fourth-quarter results.
Thanks to efforts made on property and casualty operations and higher investment income, the company succeeded in recording higher results at both quarterly and yearly levels.
Post-tax earnings were respectively $273 million and $1.0 billion for the Q4 and FY2019 exercise, vs. an $84 million loss and $813 million in the same periods last year.
Following both more-than-decent fourth quarter and annual results, CNA announced a 5.7% dividend boost and declared a special dividend of $2.0 per share, as every year since 2015.
Even though the stock will certainly rally on a short-term horizon, as investors... Read more