Unum Group announced that its board of directors has authorized an increase of approximately 10 percent in the quarterly dividend paid on its common stock. The new dividend rate will be 46 cents per common share, which translates to $1.84 per share on an annual basis. This increase will become effective with the dividend expected to be paid in the third quarter of 2025.
This decision reflects the company's strong financial position and its commitment to returning value to shareholders. A consistent increase in dividends demonstrates management's confidence in Unum Group's ongoing earnings power and cash flow generation. This marks a significant enhancement to the company's capital return strategy.
The increased dividend payout is a tangible benefit for investors, signaling a positive outlook for the company's future performance. It underscores Unum Group's disciplined approach to capital allocation, balancing investments in growth with direct shareholder returns.
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