(UNM) Unum Group Hikes Dividend by 11.5%

In an effort to distribute more profit among shareholders, the board of directors of Unum Group (UNM) authorized an increase of 11.5% in its dividend. The company will now pay a quarterly dividend of 14.5 cents per share, up from 13 cents per share paid on May 17, 2013. The increased dividend will be paid in third quarter of 2013. The new annualized rate comes to 58 cents per share and represents a yield of 2.1% based on Thursday’s closing price of $27.56. The dividend yield compare favorably with the industry average of 1.50% as well as with other accident and health insurer Amerisafe, Inc. (AMSF) with a yield of 0.98% and Employers Holdings, Inc. (EIG) with a yield of 0.97%. With this approval, Unum Group hiked dividend for five […]