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.
Published May 01. 2021 8:55PM | Updated May 01. 2021 8:57PM
PORTLAND, Maine (AP) Effective Saturday, all states will be exempt from Maine’s COVID-19 travel requirements.
The state is exempting all states from testing and quarantine requirements but that could change based on the spread of variants, said Dr. Nirav Shah, director of the Maine Center for Disease Control and Prevention.
The policy change is based on a successful travel season last summer where there was little transmission of COVID-19 from visitors to Maine. The introduction of vaccines also played a role in the decision, he said.
If states see a spike in cases of highly contagious COVID-19 variants, Maine will reinstate quarantine and testing requirements, Shah said.
Bentley University holds âdouble headerâ commencement at Fenway Park
By Breanne Kovatch Globe Correspondent,Updated May 1, 2021, 2 hours ago
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The Bentley University Class of 2021 Commencement graduation ceremony was held at Fenway Park in Boston on Saturday.Maddie Malhotra/Bentley University
With pomp and pageantry befitting a Red Sox World Series celebration, Bentley University became the first Boston-area college Saturday to hold commencement exercises this year at the historic ballpark.
The âdouble headerâ ceremony celebrated the class of 2021 and 2020, whose ceremony last year was forced to be held online due to the COVID-19 pandemic.
A year later, with vaccinations on the rise and health restrictions easing in Massachusetts, some colleges and 16 Boston public high schools have opted to hold graduations at Fenway, but with strict protocols and limited attendance.
Coronavirus variant B.1.1.7, which first came to light in Britain, has been identified in testing in Bennington and Windham counties, the Vermont Department of Health said Friday. According to the