CHATTANOOGA, Tenn. -- 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.
Tom White, 423-294-8996
Matt Barnett, 423-294-7498
Jim Sabourin, 423-294-6300 or 886-750-8686
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About Unum Group
Unum Group (NYSE: UNM), an international provider of workplace benefits and services, has been helping workers and their families for 175 years. Through its Unum and Colonial Life brands, the company offers disability, life, accident, critical illness, dental, vision and stop-loss insurance; leave and absence management support and behavioral health services. In 2022, Unum reported revenues of about $12 billion and paid $8 billion in benefits. The Fortune 500 company is one of the 2023 World’s Most Ethical Companies, recognized by Ethisphere®.