CHATTANOOGA, Tenn.--(BUSINESS WIRE)--
Unum Group (NYSE:UNM) announced today that its board of directors has
authorized an increase of 15 percent in the quarterly dividend paid on
its common stock. The new rate of 23 cents per common share, or 92 cents
per share on an annual basis, will be effective with the dividend
expected to be paid in the third quarter of 2017.
“We are pleased to again increase our dividend payout, which is
indicative 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 207 percent increase from the
7.5 cents per share the company was paying in 2007 and marks the ninth
consecutive year in which Unum has raised its dividend. Unum has also
repurchased approximately $3.7 billion of its stock, reducing its
outstanding share count by 37 percent, since the fourth quarter of 2007.
ABOUT UNUM GROUP
Unum Group (www.unum.com)
is a leading provider of financial protection benefits in the United
States and the United Kingdom. Its primary businesses are Unum US,
Colonial Life, Starmount and Unum UK. Unum’s portfolio includes
disability, life, accident and critical illness, dental and vision
coverage, which help protect millions of working people and their
families in the event of an illness or injury. Unum also provides
stop-loss coverage to help self-insured employers protect against
unanticipated medical costs. The company reported revenues of $11
billion in 2016, and provided $6.9 billion in benefits.
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Unum Group
Investors:
Tom White, 423-294-8996
or
Matt
Barnett, 423-294-7498
or
Media:
Jim Sabourin,
423-294-6300 or 886-750-8686
Source: Unum Group