Unum Group's board of directors approved a 10% increase in its quarterly common stock dividend on May 22. The new dividend rate will be $0.46 per share, translating to an annual payout of $1.84 per share.
This increased dividend is expected to take effect with the payment scheduled for the third quarter of 2025. The company is targeting a total dividend payout of $300 million to $330 million for the year 2025.
A dividend increase of this magnitude, coupled with a clear payout target, signals strong confidence from management regarding future earnings and cash flow generation. It reinforces Unum's disciplined capital management strategy and commitment to shareholder returns.
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