Cincinnati Financial CEO transition: Spray to become CEO May 4; dividend raised 8% to $0.81

CINCINNATI FINANCIAL CORP

Stephen M. Spray will become CEO effective May 4, 2024; Steven J. Johnston becomes executive chairman.
Board expands to 14 with appointment of Peter Wu (independent) and Steve Spray (nonindependent).
Regular quarterly cash dividend increased 8% to $0.81 per share from $0.75.
Dividend payable April 15, 2024 to shareholders of record March 19, 2024.
Marks 63rd consecutive year of dividend increases, a record matched by only seven other U.S. public companies.

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