Unum Group (NYSE:UNM) announced today that its board of directors has authorized an increase of 15 percent in the quarterly dividend paid on its common stock. The new rate of 23 cents per common share, or 92 cents per share on an annual basis, will be effective with the dividend expected to be paid in the third quarter of 2017.
At the annual meeting of shareholders today, Unum (NYSE: UNM) CEO Richard P. (Rick) McKenney addressed the company’s strong performance, industry leadership, and the growing need for the financial protection Unum provides.
As the leading provider of disability benefits in the U.S., Unum (NYSE: UNM) tracks the top causes of disability leave and shares results each May during Disability Insurance Awareness Month. Claims data over the last decade shows several long-term trends in the health of America’s workers.
Long term disability claims for complicated pregnancies have decreased nearly 50 percent over the last decade in the U.S., according to data from Unum (NYSE: UNM), a leading provider of disability benefits.
Unum Group (NYSE: UNM) today reported net income of $229.9 million ($1.00 per diluted common share) for the first quarter of 2017, compared to net income of $210.6 million ($0.88 per diluted common share) for the first quarter of 2016.
Effective April 14, 2017, the Unum Group (NYSE:UNM) Board of Directors declared a quarterly dividend of $0.20 per share on its common stock to be paid on May 19, 2017, to stockholders of record on April 28, 2017.
Leading benefits provider Unum (NYSE:UNM) is entering a new market with the launch of Unum Stop Loss. “Entry into this market broadens the scope of financial protection Unum provides and increases the value we bring to employers,” said Rich Williams, senior vice president and general manager of Unum’s new Stop Loss business.
Members of Unum Group senior management will host a conference call on Thursday, April 27, at 9 a.m. Eastern to discuss the results of operations for the first quarter. Topics may include forward-looking information, such as guidance on future results or trends in operations, as well as other material information.
Unum (NYSE: UNM) and its employees in the U.S., U.K. and Ireland contributed more than $12.4 million and volunteered more than 87,000 volunteer hours to charitable organizations in 2016.
Unum (NYSE:UNM) has promoted William Bagley to senior vice president and chief supply officer; Matthew Monaghan to senior vice president of Corporate and Regulatory and general counsel of the Closed Block; Cherie Pashley to senior vice president of Tax and Treasury; Richard Shaffer to senior vice president of Growth Markets and the Enrollment Center; and Danny Waxenberg to senior vice president and chief accounting officer.