Unum Group (NYSE:UNM) to Issue Quarterly Dividend of $0.51

Unum Group (NYSE:UNM) declared a quarterly dividend on Thursday, October 15th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.5050 per share by the financial services provider on Friday, November 20th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, October 30th.

Unum Group has raised its dividend by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 16 consecutive years. Unum Group has a payout ratio of 20.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Unum Group to earn $9.42 per share next year, which means the company should continue to be able to cover its $2.02 annual dividend with an expected future payout ratio of 21.4%.

Unum Group Stock Up 1.0%

NYSE UNM opened at $92.40 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a 50-day simple moving average of $92.07 and a 200 day simple moving average of $87.08. Unum Group has a twelve month low of $69.02 and a twelve month high of $96.77. The stock has a market cap of $14.63 billion, a PE ratio of 21.54, a PEG ratio of 0.89 and a beta of 0.25.

Unum Group (NYSE:UNM) last released its earnings results on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.16. Unum Group had a return on equity of 12.60% and a net margin of 5.26%. The business had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period last year, the business earned $1.92 earnings per share. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. On average, research analysts forecast that Unum Group will post 8.64 EPS for the current year.

Unum Group declared that its board has approved a stock repurchase plan on Wednesday, August 26th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to reacquire up to 7% of its stock through open market purchases. Share repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

About Unum Group

Unum Group is an insurance company that provides employee benefits and related financial protection products to individuals, employers and their workforces. Its offerings include disability insurance, group and individual life insurance, accidental death and dismemberment coverage, long-term care insurance, and supplemental health benefits.

The company serves employers through workplace benefits programs, including absence-management and leave-administration services. Through its Colonial Life business, Unum also offers voluntary benefits such as accident, critical illness, hospital indemnity and dental insurance, which employees may obtain through the workplace.

Unum Group traces its history to 1848, when Union Mutual Life Insurance Company was established in Maine.