Unum Group's Board of Directors Votes to Increase Common Stock Dividend by 5.3%

Rhea-AI Summary

Unum Group (NYSE:UNM) has increased its quarterly dividend by 5.3%, raising it to 30.0 cents per share, translating to $1.20 annually. This change will take effect with the dividend expected to be paid in the third quarter of 2021. The company reported $13.2 billion in revenue for 2020 and distributed $7.6 billion in benefits. Today, Unum will also hold its Annual Meeting of Shareholders virtually at 10 a.m. EST.

Positive

• Quarterly dividend increased by 5.3%, enhancing shareholder value.
• Dividend payment expected in the third quarter of 2021, demonstrating financial stability.

Negative

• None.

CHATTANOOGA, Tenn., May 27, 2021 /PRNewswire/ -- Unum Group (NYSE:UNM) announced today its Board of Directors has authorized an increase of 5.3% in the quarterly dividend paid on its common stock. The new rate of 30.0 cents per common share, or $1.20 per share on an annual basis, will be effective with the dividend expected to be paid in the third quarter of 2021.

Today, Unum will host its Annual Meeting of Shareholders in a virtual-only format. The meeting will begin at 10 a.m. Eastern Standard Time. A live webcast of the meeting will be available at www.virtualshareholdermeeting.com/UNM2021.  

ABOUT UNUM
Unum Group (www.unum.com) provides a broad portfolio of financial protection benefits and services through the workplace, and is a leading provider of disability income protection worldwide. Through its Unum US, Unum UK, Unum Poland, and Colonial Life businesses, the company provides disability, life, accident, critical illness, dental and vision benefits that protect millions of working people and their families. Unum also provides leave and absence management services that streamline the leave experience for employers and employees and stop-loss coverage to help self-insured employers protect against medical costs. Unum reported revenues of $13.2 billion in 2020 and provided $7.6 billion in benefits.

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SOURCE Unum Group

FAQ

What is the new dividend rate for Unum Group (UNM)?

Unum Group has increased its quarterly dividend to 30.0 cents per share.

When will Unum Group's new dividend be paid?

The new dividend is expected to be paid in the third quarter of 2021.

What was Unum Group's revenue in 2020?

Unum Group reported revenues of $13.2 billion in 2020.

How much did Unum Group pay in benefits in 2020?

Unum Group provided $7.6 billion in benefits in 2020.