CHATTANOOGA, Tenn.–(BUSINESS WIRE)–Unum Group (NYSE:UNM) announced today that its board of directors has
authorized an increase of 9.6 percent in the quarterly dividend paid on
its common stock. The new rate of 28.5 cents per common share, or $1.14
per share on an annual basis, will be effective with the dividend
expected to be paid in the third quarter of 2019.
“We are pleased to again increase our dividend payout, which is
indicative of not only our consistent performance and capital
generation, but also our commitment to returning value to shareholders,”
said Richard P. McKenney, president and CEO of Unum.
The new quarterly dividend represents a 245 percent increase from the
8.25 cents per share the company was paying in 2009 and marks the
eleventh consecutive year in which Unum has raised its dividend. Unum
has also repurchased approximately $4.4 billion of its stock, reducing
its outstanding share count by almost 43 percent, since the fourth
quarter of 2009.
ABOUT UNUM
Unum Group (www.unum.com)
is a leading provider of financial protection benefits in the United
States and the United Kingdom and the leading provider of disability
income protection in the world. Its primary businesses are Unum US,
Colonial Life, Unum UK, and Unum Poland. 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 $11.6
billion in 2018, and provided $7.2 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.
Contacts
INVESTORS
Tom White 423-294-8996
MEDIA
Jim Sabourin 423-294-6300
