RELATED WIKI ARTICLES
Back to UNM
Unum Group’s Board of Directors Votes to Increase Common Stock Dividend

Unum Group (NYSE: UNM) announced today that its Board of Directors has authorized an increase of 23.8 percent in the quarterly dividend paid on its common stock. The new quarterly dividend rate of 13 cents per common share will be effective with the dividend expected to be paid in the third quarter of 2012.

“Our businesses continue to generate solid cash flow which we regularly return to our shareholders through dividends and our share repurchase program. Today’s increase represents the fourth consecutive year we have raised our dividend,” said Thomas R. Watjen, president and chief executive officer. “Since year-end 2007, we have increased our dividend by 73 percent while repurchasing over 20 percent of our outstanding shares.”

This marks the fourth consecutive year in which Unum has raised its quarterly dividend. Since year-end 2007, the company has increased its dividend by a cumulative 73.3 percent. At the end of the first quarter of 2012, Unum had also completed approximately $1.85 billion of share repurchases since year-end 2007, reducing its share count by 20.8 percent.

ABOUT UNUM GROUP

Unum (www.unum.com) is one of the leading providers of employee benefits products and services and the largest provider of disability insurance products in the United States and the United Kingdom.

(c) 2014 Business Wire, Inc., All rights reserved. All of the news releases and other content contained herein are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire's members, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. Any copying or reproduction (other than for an individual user's personal reference), redistribution, reposting or other transmission or communication is expressly prohibited without prior written permission of Business Wire, Inc
Back to UNM
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki