CHATTANOOGA, Tenn.--(BUSINESS WIRE)--
Unum Group (NYSE: UNM) announced today that its board of directors has
authorized an increase of 8 percent in the quarterly dividend paid on
its common stock. The new rate of 20 cents per common share, or 80 cents
per share on an annual basis, will be effective with the dividend
expected to be paid in the third quarter of 2016.
“We are pleased to again increase our dividend payout, which is
representative not only of our consistent performance and financial
strength but also of our commitment to returning value to shareholders,”
said Richard P. McKenney, president and CEO of Unum.
The new quarterly dividend represents a 166 percent increase from the
7.5 cents per share the company was paying in 2007 and marks the eighth
consecutive year in which Unum has raised its dividend. Unum has also
repurchased approximately $3.3 billion of its stock, reducing its
outstanding share count by 36 percent, since the fourth quarter of 2007.
ABOUT UNUM GROUP
Unum Group is a leading provider of financial protection benefits in the
United States and the United Kingdom. Its primary businesses are Unum
US, Colonial Life and Unum UK. 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 $10.7 billion in 2015, and
provided $6.8 billion in benefits last year.
For more information visit us at www.unum.com
or connect with us at www.facebook.com/unumbenefits,
twitter.com/unumnews
and www.linkedin.com/company/unum
View source version on businesswire.com: http://www.businesswire.com/news/home/20160526005779/en/
Unum Group
Investors:
Tom White, 423-294-8996
or
Matt
Barnett, 423-294-7498
or
Media:
Jim Sabourin,
423-294-6300 or 866-750-8686
Source: Unum Group