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Unum Encouraged by Current Economic Trends and Company Prospects CEO McKenney Tells Shareholders at Annual Meeting
Board Authorizes 5.3% Dividend Increase
Company Expects to Resume Share Repurchases in the Second Half of 2021
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CHATTANOOGA, Tenn., May 27, 2021 /PRNewswire/ At the annual shareholder s meeting today, Unum Group (NYSE:UNM) President and CEO Rick McKenney expressed growing confidence in Unum s future as the US recovers from the pandemic and the economy strengthens.
As announced earlier this morning, Unum s board of directors 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.
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CHATTANOOGA, Tenn., May 27, 2021 /PRNewswire/ At the annual shareholder s meeting today, Unum Group (NYSE:UNM) President and CEO Rick McKenney expressed growing confidence in Unum s future as the US recovers from the pandemic and the economy strengthens.
As announced earlier this morning, Unum s board of directors 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 s decision by the board to increase our quarterly dividend demonstrates the confidence we feel in our capital position and performance outlook for the year, McKenney said. As the economic backdrop continues to improve, we expect to be in a position to gradually resume repurchasing shares in the second half of 2021.