CHATTANOOGA, Tenn.--(BUSINESS WIRE)--
Unum Group (NYSE:UNM) announced today at its annual meeting of
shareholders that its Board of Directors has authorized an increase of
13.5 percent in the quarterly dividend paid on its common stock. The new
quarterly dividend rate of 10.5 cents per common share will be effective
with the dividend expected to be paid in the third quarter of 2011.
“Our consistent operating performance and strong capital position have
enabled us to again increase our common stock dividend, which along with
our recent share repurchases is part of our strategy to return capital
to shareholders,” said Thomas R. Watjen, president and chief executive
officer.
This marks the third consecutive year in which Unum has raised its
quarterly dividend. The company increased its quarterly dividend 10
percent in 2009 and 12.1 percent in 2010. At the end of the first
quarter of 2011, Unum had also completed approximately $1.28 billion of
share repurchases since 2008, with approximately $920 million of
additional share repurchases remaining on the $1 billion share
authorization program announced in 2010.
ABOUT UNUM GROUP
Unum (www.unum.com)
is one of the leading providers of employee benefits products and
services and the largest provider of group and individual disability
income protection insurance in the United States and the United Kingdom.
Source: Unum Group
Contact:
Unum Group
Investors:
Tom White, 423-294-8996
or
Media:
Jim
Sabourin, 423 294-6300 or 866-759-8686