Property casualty insurer Cincinnati Financial (NASDAQ:CINF) isn’t exactly a household name. In fact, it’s not even that well-known in the Buckeye State. However, income investors in the know should be impressed with the company’s 4.4% annual dividend yield.
It also has had an impressive track record, paying dividends every year since 1954, which is just after President Eisenhower took office. Much more recently, the stock has enjoyed a big surge, up 18.9% so far in 2012.
Cincinnati Financial got back on track in 2011, seeing top-line growth of about 3%. That compares very well to the 1% decline it witnessed in 2010, and the whopping 26% plunge in 2009. Although the current low interest-rate environment is challenging for insurance companies such as Cincinnati Financial — as well as competitors such as Assurant (NYSE:AIZ), W.R. Berkely Corp. (NYSE:WRB) and Travelers (NYSE:TRV) — the company has managed to swim upstream and grow its businesses, including growth in its key commercial insurance business. If this trend continues, shareholders can expect an even bigger yield from this under-the-radar dividend diva.