/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.
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.
Unum Group s Board of Directors Votes to Increase Common Stock Dividend by 5 3% prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Tamas Glanz Joins Unum as Senior Vice President of Mergers and Acquisitions
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CHATTANOOGA, Tenn., May 25, 2021 /PRNewswire/ Unum (NYSE: UNM), a leading provider of financial protection benefits in the U.S. and U.K., has appointed Tamas Glanz as the Head of Mergers & Acquisitions. In this new role, he will apply his 18 years of experience in the insurance industry to shape the company s mergers and acquisition (M&A) strategy. He will also evaluate transactions and partnership opportunities to advance Unum s long-term growth and financial strategy. Tamas has deep expertise within the insurance industry, said Steve Zabel, Unum s Chief Financial Officer. He will help us strengthen our acquisition capabilities, so we are prepared to capitalize on future growth or financial partnership that support our goals.