2010 Fourth-Quarter and Full-Year Letter to Shareholders
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Cincinnati Financial Corporation Declares Regular Quarterly Cash Dividend

Cincinnati, January 31, 2011 — Cincinnati Financial Corporation (Nasdaq: CINF) today announced that at its regular meeting on January 28, 2011, the board of directors declared a 40-cents-per-share regular quarterly cash dividend payable April 15, 2011, to shareholders of record as of March 23, 2011. This quarterly dividend continues at the same level paid in October, which marked the 50th consecutive year of increase in the company's annual cash dividend. Cash dividends paid during 2010 totaled $1.585 per share, and the indicated annual dividend is $1.60.

Kenneth W. Stecher, president and chief executive officer, commented, “With our exceptional financial strength, loyal agents and talented associates, we are confident that we are well positioned to grow our business. The board of directors continues to favor regular dividends as the primary means of returning capital to shareholders. This approach brings current rewards to shareholders while also building strong capital to create long-term shareholder value.”




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