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

Unum Group (NYSE:UNM) declared a quarterly dividend on Thursday, July 9th. Stockholders 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) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, July 24th. This is a 9.8% increase from Unum Group’s previous quarterly dividend of $0.46.

Unum Group has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 16 years. Unum Group has a payout ratio of 18.8% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Up 0.6%

UNM stock opened at $88.24 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.35 and a current ratio of 0.35. The company has a market capitalization of $14.10 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 0.89 and a beta of 0.25. Unum Group has a fifty-two week low of $68.28 and a fifty-two week high of $93.21. The stock has a fifty day moving average of $86.27 and a 200-day moving average of $79.32.

Unum Group (NYSE:UNM) last released its 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 company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $2.91 billion. Unum Group had a return on equity of 12.60% and a net margin of 5.86%.Unum Group’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.04 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.90 EPS. As a group, equities research analysts predict that Unum Group will post 8.76 earnings per share for the current year.

About Unum Group

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.