CHATTANOOGA, Tenn.--(BUSINESS WIRE)--
Unum Group (NYSE:UNM) announced today that its board of directors has
authorized an increase of 13 percent in the quarterly dividend paid on
its common stock. The new rate of 26 cents per common share, or $1.04
per share on an annual basis, will be effective with the dividend
expected to be paid in the third quarter of 2018.
“We are pleased to again increase our dividend payout. This is
representative of our consistent performance and financial strength as
well as our commitment to returning value to shareholders,” said Richard
P. McKenney, president and CEO of Unum.
The new quarterly dividend represents a 247 percent increase from the
7.5 cents per share the company was paying in 2008 and marks the tenth
consecutive year in which Unum has raised its dividend. Unum has also
repurchased approximately $3.4 billion of its stock, reducing its
outstanding share count by almost 36 percent, since the fourth quarter
of 2008.
ABOUT UNUM
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 $11.3
billion in 2017, and provided $6.9 billion in benefits.
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.
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Unum Group
Investors:
Tom White, 423-294-8996
or
Media:
Jim
Sabourin, 423-294-6300
Source: Unum Group