PORTLAND, Maine--(BUSINESS WIRE)--
Unum Group (NYSE: UNM) announced today at its annual meeting of
shareholders that its board of directors has authorized an increase of
11.5 percent in the quarterly dividend paid on its common stock. The new
quarterly dividend rate of 14.5 cents per common share, or 58 cents per
share on an annual basis, will be effective with the dividend expected
to be paid in the third quarter of 2013.
“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.
The new quarterly dividend represents a 93.3 percent increase from the
7.5 cents per share the company was paying in 2007 and marks the fifth
consecutive year in which Unum has raised its dividend. Unum has also
repurchased approximately $2.3 billion of its stock since the fourth
quarter of 2007, reducing its outstanding share count by 26 percent.
About Unum Group
Unum
Group is a leading provider of financial protection benefits in the
United States and the United Kingdom. Unum’s portfolio includes
disability, life, accident and critical illness coverage, which help
protect millions of working people and their families in the event of an
illness or injury. The company reported revenues of $10.5 billion in
2012, and its subsidiaries – Unum US, Colonial Life and Unum UK –
provided $6.3 billion in benefits last year.
For more information, visit us at www.unum.com
or connect with us at www.facebook.com/unumbenefits,
www.twitter.com/unumnews
and www.linkedin.com/company/unum.
Unum Group
Investors
Tom White, 423-294-8996
or
Media
Jim
Sabourin, 423-294-6300 or 866-759-8686
Source: Unum Group