The Cincinnati Financial Corporation voted to increase its regular quarterly cash dividend 6 percent to 35.5 cents per share, making the annual level $1.42 per share.
Chief Executive Officer John J. Schiff said the move indicated the board's “continuing confidence in our long-term outlook.”
The company said its common stock total return to shareholders over the past five years ending in 2006 was 49.4 percent, compared with a 35 percent total return for the Standard and Poor's 500 Index.
CFC also announced that Dirk Debbink, Douglas Skidmore and newly appointed director Gregory Bier were elected to three-year terms on the board.
In addition, a new company board of ethics for senior financial officers has been approved.
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