Wednesday, June 11, 2014

Dividends & Income - A near miss for Cincinnati Financial

Cincinnati Financial has been a Dividend Machine in the past and I do hold it.   With a yield of 3.58% and good fundamentals I though we may have found the most recent 2014 Dividend Machine.  But it is not to be.   Why?   To qualify as a 2014 Dividend Machine, the yield has to have steadily increased the dividend every yield at at least 4% clip.    CINF's average annual yield increase of the past five year is only 2.564%.    Near miss; good try.     TheMoneyMadam