Cincinnati Financial

Cincinnati Financial is a property and casualty insurer built around an independent agency distribution model, focused on commercial, personal and excess-and-surplus lines across the United States. A distinctive feature is its large equity investment portfolio, which gives shareholders exposure to a mix of underwriting results and long-term stock market gains. The company is one of the market's longest-running dividend raisers, with an unbroken streak of increases stretching across decades. Cash flow from premiums and a growing dividend stream from its equity holdings support the payout. The yield is moderate, but the combination of a strong score and a durable raising record marks it as a dependable income holding.