What is the new rate of the dividend per share for Unum Group (UNM)?

The new rate of the dividend per common share for Unum Group is 42 cents, or $1.68 annually.

Unum Group's Board of Directors Votes to Increase Common Stock Dividend

(Neutral)

Rhea-AI Summary

Unum Group (UNM) has announced a 15% increase in the quarterly dividend paid on its common stock, resulting in a new rate of 42 cents per share or $1.68 annually, effective for the third quarter of 2024.

Positive

Increased dividend payout reflects the company's strong financial position and ability to generate consistent returns for its shareholders.
The 15% dividend hike can attract more investors seeking stable income and dividend growth opportunities.

Negative

None.

News Market Reaction – UNM

+2.31%

+2.31% Session move

In the trading session that priced this news, UNM gained 2.31%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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04/30/2024 - 04:16 PM

CHATTANOOGA, Tenn., April 30, 2024 /PRNewswire/ -- Unum Group (NYSE: UNM) announced today its board of directors has authorized an increase of 15 percent in the quarterly dividend paid on its common stock. The new rate of 42 cents per common share, or $1.68 per share on an annual basis, will be effective with the dividend expected to be paid in the third quarter of 2024.

FORWARD-LOOKING STATEMENTS

Certain statements in this release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on management's current expectations and beliefs concerning future developments and their potential effects upon Unum Group and its subsidiaries. Unum Group's actual results may differ, possibly materially, from expectations or estimates reflected in such forward-looking statements. Certain important factors that could cause actual results to differ, possibly materially, from expectations or estimates reflected in such forward-looking statements can be found in Part 1, Item 1A (Risk Factors) of Unum Group's Annual Report on Form 10-K for the year ended December 31, 2023. The forward-looking statements in this release speak only as of the date of this release, and Unum Group does not undertake to update any particular forward-looking statement included in this release.

About Unum Group

Unum Group (NYSE: UNM), a leading international provider of workplace benefits and services, has been helping workers and their families thrive for more than 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 2023, Unum Group reported revenues of more than $12 billion and paid approximately $8 billion in benefits. The Fortune 500 company is recognized as one of the World's Most Ethical Companies by Ethisphere®.

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