CNO Financial Group's most recent quarterly dividend was on Mar 7, 2024 (ex-date) with a cash dividend payment of $0.15 per share. On an annualized basis, the company has a current payout of $0.6 per share. This brings the dividend yield to 2.27% based on its recent close price.
CNO has a dividend yield of 2.27% which is lower than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 3.41%, CNO Financial Group's dividend yield is 33% lower. Historically CNO's dividend yield has averaged at 2.4% in the last 5 years, which is more than the current one.
CNO Financial Group has been paying dividends since 2012. CNO has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 7% for the last year. But since the stock price has gone up by 23% from a year ago, the dividend yield has decreased by 13%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 7, 2024 | Mar 22, 2024 | Feb 13, 2024 | $0.15 | normal |
| Dec 7, 2023 | Dec 22, 2023 | Nov 10, 2023 | $0.15 | normal |
| Sep 7, 2023 | Sep 22, 2023 | Aug 9, 2023 | $0.15 | normal |
| Jun 8, 2023 | Jun 23, 2023 | May 5, 2023 | $0.15 | normal |
| Mar 9, 2023 | Mar 24, 2023 | Feb 15, 2023 | $0.14 | normal |
| Dec 8, 2022 | Dec 23, 2022 | Nov 9, 2022 | $0.14 | normal |
| Sep 8, 2022 | Sep 23, 2022 | Aug 10, 2022 | $0.14 | normal |
| Jun 9, 2022 | Jun 24, 2022 | May 6, 2022 | $0.14 | normal |
| Mar 9, 2022 | Mar 24, 2022 | Feb 16, 2022 | $0.13 | normal |
| Dec 9, 2021 | Dec 24, 2021 | Nov 12, 2021 | $0.13 | normal |
| Sep 9, 2021 | Sep 24, 2021 | Aug 11, 2021 | $0.13 | normal |
| Jun 9, 2021 | Jun 24, 2021 | May 7, 2021 | $0.13 | normal |
| Mar 9, 2021 | Mar 24, 2021 | Feb 17, 2021 | $0.12 | normal |
| Dec 9, 2020 | Dec 24, 2020 | Nov 12, 2020 | $0.12 | normal |
| Sep 9, 2020 | Sep 24, 2020 | Aug 11, 2020 | $0.12 | normal |
| Jun 9, 2020 | Jun 24, 2020 | May 8, 2020 | $0.12 | normal |
| Mar 9, 2020 | Mar 24, 2020 | Feb 19, 2020 | $0.11 | normal |
| Dec 9, 2019 | Dec 24, 2019 | Nov 14, 2019 | $0.11 | normal |
| Sep 9, 2019 | Sep 24, 2019 | Aug 7, 2019 | $0.11 | normal |
| Jun 7, 2019 | Jun 24, 2019 | May 10, 2019 | $0.11 | normal |
| Mar 8, 2019 | Mar 25, 2019 | Feb 20, 2019 | $0.1 | normal |
| Dec 6, 2018 | Dec 24, 2018 | Nov 15, 2018 | $0.1 | normal |
| Sep 7, 2018 | Sep 24, 2018 | Aug 8, 2018 | $0.1 | normal |
| Jun 8, 2018 | Jun 25, 2018 | May 9, 2018 | $0.1 | normal |
| Mar 8, 2018 | Mar 23, 2018 | Feb 21, 2018 | $0.09 | normal |
| Dec 8, 2017 | Dec 26, 2017 | Nov 16, 2017 | $0.09 | normal |
| Sep 8, 2017 | Sep 25, 2017 | Aug 9, 2017 | $0.09 | normal |
| Jun 7, 2017 | Jun 23, 2017 | May 10, 2017 | $0.09 | normal |
| Mar 8, 2017 | Mar 24, 2017 | Feb 24, 2017 | $0.08 | normal |
| Dec 7, 2016 | Dec 23, 2016 | Nov 17, 2016 | $0.08 | normal |
| Sep 7, 2016 | Sep 23, 2016 | Aug 10, 2016 | $0.08 | normal |
| Jun 8, 2016 | Jun 24, 2016 | $0.08 | normal | |
| Mar 8, 2016 | Mar 24, 2016 | Feb 24, 2016 | $0.07 | normal |
CNO has a payout ratio of 24.6% which is higher than the industry average but lower than the Financial Services sector and its peers average. If we compare it with the Financial Services sector average of 39.6%, CNO Financial Group's payout ratio is 38% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| LNC Lincoln National Corp | 6.44% | $1.8 | N/A |
| PFG Principal Financial Group Inc | 3.27% | $2.65 | 102.7% |
| UNM Unum Group | 2.84% | $1.46 | 22.4% |
| CNO CNO Financial Group Inc | 2.27% | $0.6 | 24.6% |
| AFL Aflac Inc | 2.1% | $1.76 | 22.5% |
| RGA Reinsurance Group Of America Inc | 1.75% | $3.35 | 24.6% |
| AIZ Assurant Inc | 1.64% | $2.84 | 23.6% |
Yes, CNO Financial Group has been paying dividends for the last 12 years.
CNO hasn't announced its next dividend date yet, however if we take into account its recent dividend schedule, it is likely that its next dividend will be in June 2024.
CNO Financial Group's last regular dividend was on Mar 7, 2024 (ex-date) with the amount of $0.15 per share.
CNO's annualized dividend per share is $0.6.
Currently CNO Financial Group's dividend yield is 2.27%.
CNO Financial Group pays dividends quarterly.
The dividend payout ratio of CNO Financial Group is 24.6%.
CNO Financial Group's dividend yield is less than the Financial Services sector average.