Horace Mann increases quarterly shareholder dividend

Rhea-AI Summary

Horace Mann Educators (NYSE:HMN) has announced a 3.0% increase in its quarterly cash dividend to $0.35 per share, resulting in an indicated annual dividend of $1.40 per share. The dividend will be paid on March 31, 2025, to shareholders of record as of March 17, 2025.

This marks the 17th consecutive year of dividend increases, demonstrating the company's commitment to shareholder value creation. The company maintains its full-year 2025 earnings guidance of $3.60-$3.90 per share, with expectations for all business lines to achieve target profitability.

Positive

• 3.0% dividend increase to $0.35 quarterly ($1.40 annual)
• 17 consecutive years of dividend increases
• Strong 2025 EPS guidance of $3.60-$3.90
• All business lines expected to reach target profitability

Negative

• None.

SPRINGFIELD, Ill.--(BUSINESS WIRE)-- Horace Mann Educators Corporation (NYSE:HMN) today announced that its Board of Directors approved a 3.0% increase in the quarterly cash dividend to $0.35 per share. This represents an indicated annual dividend of $1.40 per share. The quarterly dividend is payable on March 31, 2025, to shareholders of record as of March 17, 2025.

“This is the 17th consecutive year the Board has increased the annual shareholder cash dividend, reflecting Horace Mann’s commitment to long-term shareholder value creation,” said Horace Mann President & CEO Marita Zuraitis.

The company also noted that it continues to expect full-year 2025 earnings per share between $3.60-$3.90 with all business lines expected to achieve target profitability.

About Horace Mann

Horace Mann Educators Corporation is the largest multiline financial services company focused on helping America’s educators and others who serve the community achieve lifelong financial success. The company offers individual and group insurance and financial solutions tailored to the needs of the educator community. Founded by Educators for Educators^® in 1945, the company is headquartered in Springfield, Illinois. For more information, visit horacemann.com.

Safe Harbor Statement

Certain statements included in this news release, including those regarding our earnings outlook, constitute forward-looking statements within the meaning of the U.S. 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 Horace Mann and its subsidiaries. Horace Mann cautions investors that such statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond Horace Mann’s control, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking statements included in this document. 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 the “Risk Factors” and “Forward-Looking Information” sections included in Horace Mann’s Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission (SEC). The forward-looking statements herein are subject to the risk, among others, that we will be unable to execute our strategy because of market or competitive conditions or other factors. Horace Mann does not undertake to update any particular forward-looking statement included in this document if we later become aware that such statement is not likely to be achieved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250303649238/en/

Brendan Dawal

Vice President, Investor Relations

217.670.8766

investorrelations@horacemann.com

Source: Horace Mann Educators Corporation

FAQ

What is the new quarterly dividend amount for Horace Mann (HMN) stock?

Horace Mann's new quarterly dividend is $0.35 per share, representing a 3.0% increase.

When will Horace Mann (HMN) pay its next quarterly dividend?

The quarterly dividend will be paid on March 31, 2025, to shareholders of record as of March 17, 2025.

What is Horace Mann's (HMN) projected earnings per share for 2025?

Horace Mann expects full-year 2025 earnings per share to be between $3.60 and $3.90.

How many consecutive years has Horace Mann (HMN) increased its dividend?

This is the 17th consecutive year that Horace Mann has increased its annual shareholder cash dividend.

What is the annual dividend yield for Horace Mann (HMN) stock based on the new dividend rate?

The new indicated annual dividend is $1.40 per share.