Nucor earnings beat by $0.08, revenue fell short of estimates
CHATTANOOGA - Unum Group (NYSE:UNM) announced Thursday that its Board of Directors has declared a quarterly dividend of $0.460 per share on its common stock. The dividend will be paid on August 15, 2025, to stockholders of record as of July 25, 2025. According to InvestingPro data, Unum has maintained dividend payments for 39 consecutive years and has raised its dividend for 16 straight years, with a current yield of 2.12%.
The declaration maintains Unum’s regular quarterly dividend rate, according to the company’s press release statement.
Unum Group, headquartered in Chattanooga, Tennessee, provides workplace benefits and services including disability, life, accident, critical illness, dental, and vision insurance. The company also offers leave and absence management support and behavioral health services through its Unum and Colonial Life brands.
The Fortune 500 company reported revenues of $12.9 billion in 2024 and paid $8.0 billion in benefits to customers.
In other recent news, Unum Group reported its first quarter 2025 earnings, which fell short of analysts’ expectations. The company posted an earnings per share of $2.04, missing the forecasted $2.18, and revenue of $3.09 billion, below the anticipated $3.34 billion. Despite these results, Unum maintained strong liquidity with $2.2 billion in holding company cash. Piper Sandler raised its price target for Unum Group to $92, citing the company’s strong fundamentals and financial flexibility following a long-term care block sale. Additionally, Unum completed a reinsurance transaction with Fortitude Reinsurance Company Ltd., covering a significant portion of its long-term care and disability blocks, which is expected to enhance its financial flexibility further. In executive news, Unum appointed Andrew Walker as Chief Customer Operations Officer and Shelia Anderson as Executive Vice President and Chief Information and Digital Officer, indicating a focus on operational excellence and digital transformation. The company remains optimistic about future growth, projecting full-year sales growth between 5% and 10%.
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