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Cincinnati Financial (CINF) won't be changing its dividend policy due to any tax hikes, CEO...

Cincinnati Financial (CINF) won't be changing its dividend policy due to any tax hikes, CEO Steve Johnston tells conference-goers, noting a sizable number of the firm's investors are immune to taxes. CFO Mike Sewell says the insurer's relatively large (25%) allocation to equities is paying off, and the firm is sitting on $1B in unrealized portfolio gains.
Comments (2)
  • Which investors are immune to taxes?
    7 Dec 2012, 01:18 AM Reply Like
  • What exactly does immune to taxes mean?
    7 Dec 2012, 10:04 AM Reply Like
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