L-3 Communications, Wm. Wrigley Jr. Co. and Cincinnati Financial Announce Dividend Increases

L-3 Communications (LLL), Wm. Wrigley Jr. Co. (WWY) and Cincinnati Financial Corp. (CINF) recently announced increases in their company's cash dividend.

L-3 Communications

• the company's dividend increases 20% to 30 cents per share versus 25 cents per share in the same period last year.

• the projected payout ratio is approximately 18% based on 2008 estimated earnings of $6.59. This compares to the company's 4-year average payout of 15%.

• The company has an S&P Quality Ranking of A-.

Wm. Wrigley Jr. Company

• the company's dividend increases 13.8% to 33 cents per share versus 29 cents per share in the same period last year.

• the projected payout ratio is approximately 53% based on 2008 estimated earnings of $6.59. This compares to the company's 5-year average payout of 47%.
  

• The company has an S&P Quality Ranking of A+.

Cincinnati Financial Corp.

• the company's dividend increases 9.9% to 39 cents per share versus 35.5 cents per share in the same period last year.

• the projected payout ratio is approximately 54% based on 2008 estimated earnings of $6.59. This compares to the company's 5-year average payout of 39%.
  

• The company has an S&P Quality Ranking of A.

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