5 Dividend Aristocrats with Payout Ratio Less than 55%

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1. Cincinnati Financial Corporation (NASDAQ: CINF)

Number of Hedge Fund Holders: 22
Dividend Yield: 2.06%
Number of Years of Consistent Dividend Increases: 60

Payout Ratio: 13.9%

Cincinnati Financial Corporation (NASDAQ: CINF) offers property-casualty insurance products in America. It operates through its Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments segments, and ranks 1st on our list of dividend aristocrats with payout ratio less than 55%.

Wolfe Research holds an Outperform rating on shares of Cincinnati Financial Corporation (NASDAQ: CINF), alongside a price target of $148 as of this August.

In the second quarter of 2021, Cincinnati Financial Corporation (NASDAQ: CINF) had an EPS of $1.79, beating estimates by $0.81. The company’s revenue was $2.29 billion, also beating estimates by $578.93 million. Cincinnati Financial Corporation (NASDAQ: CINF) has gained 22.97% in the past 6 months and 47.22% year to date.

By the end of the second quarter of 2021, 22 hedge funds out of the 873 tracked by Insider Monkey held stakes in Cincinnati Financial Corporation (NASDAQ: CINF) worth roughly $780 million. This is compared to 22 hedge funds in the previous quarter with a total stake value of approximately $886 million.

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