Unum Group (NYSE:UNM) to Issue $0.29 Quarterly Dividend

Unum Group (NYSE:UNM) declared a quarterly dividend on Friday, October 16th, RTT News reports. Shareholders of record on Friday, October 30th will be paid a dividend of 0.285 per share by the financial services provider on Friday, November 20th. This represents a $1.14 annualized dividend and a yield of 6.25%. The ex-dividend date is Thursday, October 29th.

Unum Group has raised its dividend payment by 41.6% over the last three years. Unum Group has a payout ratio of 22.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Unum Group to earn $5.27 per share next year, which means the company should continue to be able to cover its $1.14 annual dividend with an expected future payout ratio of 21.6%.

Shares of UNM stock opened at $18.25 on Wednesday. The company has a 50 day moving average price of $18.26 and a 200-day moving average price of $17.14. Unum Group has a 52 week low of $9.58 and a 52 week high of $31.32. The firm has a market capitalization of $3.71 billion, a PE ratio of 3.89, a P/E/G ratio of 0.40 and a beta of 1.73. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.32.

Unum Group (NYSE:UNM) last announced its earnings results on Tuesday, October 27th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.10). Unum Group had a net margin of 8.12% and a return on equity of 10.99%. During the same quarter in the prior year, the business earned $1.36 EPS. Analysts anticipate that Unum Group will post 5.13 earnings per share for the current year.

In other Unum Group news, EVP Christopher W. Pyne sold 2,550 shares of the business’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $19.39, for a total transaction of $49,444.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.49% of the company’s stock.

A number of equities analysts have weighed in on the stock. Morgan Stanley upped their price target on shares of Unum Group from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 6th. Royal Bank of Canada reissued a “hold” rating and issued a $22.00 target price on shares of Unum Group in a report on Monday, July 20th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $26.00.

Unum Group Company Profile

Unum Group, together with its subsidiaries, provides financial protection benefit solutions in the United States, the United Kingdom, and internationally. It operates through Unum US, Unum UK, Colonial Life, and Closed Block segments. The company offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products.

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Dividend History for Unum Group (NYSE:UNM)

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