CHATTANOOGA, Tenn.--(BUSINESS WIRE)--
Unum Group (NYSE: UNM) announced today that its Board of Directors has
authorized an increase of 23.8 percent in the quarterly dividend paid on
its common stock. The new quarterly dividend rate of 13 cents per common
share will be effective with the dividend expected to be paid in the
third quarter of 2012.
“Our businesses continue to generate solid cash flow which we regularly
return to our shareholders through dividends and our share repurchase
program. Today’s increase represents the fourth consecutive year we have
raised our dividend,” said Thomas R. Watjen, president and chief
executive officer. “Since year-end 2007, we have increased our dividend
by 73 percent while repurchasing over 20 percent of our outstanding
shares.”
This marks the fourth consecutive year in which Unum has raised its
quarterly dividend. Since year-end 2007, the company has increased its
dividend by a cumulative 73.3 percent. At the end of the first quarter
of 2012, Unum had also completed approximately $1.85 billion of share
repurchases since year-end 2007, reducing its share count by 20.8
percent.
ABOUT UNUM GROUP
Unum (www.unum.com)
is one of the leading providers of employee benefits products and
services and the largest provider of disability insurance products in
the United States and the United Kingdom.
Unum Group
Investors:
Tom White, 423-294-8996
Rob
Lockerman, 423-294-7498
or
Media:
Jim Sabourin,
423-294-6300 or 866-759-8686
Source: Unum Group