Unum Group (NYSE:UNM) to Issue Dividend Increase – $0.51 Per Share

Unum Group (NYSE:UNM) announced a quarterly dividend on Thursday, July 9th. Investors of record on Friday, July 24th will be given a dividend of 0.505 per share by the financial services provider on Friday, August 14th. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, July 24th. This is a 9.8% increase from Unum Group’s previous quarterly dividend of $0.46.

Unum Group has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 16 consecutive years. Unum Group has a payout ratio of 18.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Unum Group to earn $9.65 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 19.1%.

Unum Group Price Performance

NYSE UNM opened at $88.24 on Friday. Unum Group has a 12 month low of $68.28 and a 12 month high of $93.21. The stock has a market cap of $14.10 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 0.89 and a beta of 0.25. The company’s 50 day moving average is $86.27 and its two-hundred day moving average is $79.32. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.35.

Unum Group (NYSE:UNM) last posted its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.07. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $2.91 billion. Unum Group had a net margin of 5.86% and a return on equity of 12.60%. The company’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.04 earnings per share. Unum Group has set its FY 2026 guidance at 8.600-8.90 EPS. As a group, research analysts anticipate that Unum Group will post 8.76 earnings per share for the current year.

Unum Group Company Profile

Unum Group (NYSE: UNM) is a leading provider of employee benefits in the United States and selected international markets, specializing in disability, life, accident and critical illness insurance. Through both fully insured and self-funded arrangements, the company offers group coverage designed to protect income and mitigate financial hardship for employees and their families. Its portfolio includes short-term and long-term disability plans, group life and accidental death & dismemberment (AD&D) policies, as well as critical illness and hospital indemnity products.

In addition to its core product lines, Unum Group markets voluntary benefits under its Colonial Life brand, allowing employees to purchase supplemental insurance such as accident, cancer, and dental coverage directly through payroll deductions.