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.”
Despite unprecedented circumstances in 2020, the company’s 10,700 employees demonstrated an unwavering commitment to serving customers, ensuring Unum continued to deliver on its purpose of helping the working world thrive throughout life’s moments. In 2020, Unum paid $7.6 billion in benefits across a broad range of financial protection products while investing in capabilities to enhance the employee experience and solutions to help employers navigate the complex leave and benefits administration environment.
“As we look back, 2020 was a year of extraordinary…
