Unum Group (NYSE:UNM) declared a quarterly dividend on Monday, April 15th, RTT News reports. Shareholders of record on Monday, April 29th will be given a dividend of 0.26 per share by the financial services provider on Friday, May 17th. This represents a $1.04 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Friday, April 26th.

Unum Group has raised its dividend payment by an average of 11.9% annually over the last three years and has raised its dividend annually for the last 10 consecutive years. Unum Group has a payout ratio of 20.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Unum Group to earn $5.84 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 17.8%.

NYSE UNM opened at $36.58 on Friday. Unum Group has a 52 week low of $26.76 and a 52 week high of $49.33. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $7.77 billion, a price-to-earnings ratio of 7.02, a PEG ratio of 0.74 and a beta of 1.46.

Unum Group (NYSE:UNM) last posted its earnings results on Tuesday, February 5th. The financial services provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.01). Unum Group had a return on equity of 12.69% and a net margin of 4.51%. The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.91 billion. During the same quarter last year, the company posted $1.13 EPS. Unum Group’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities analysts expect that Unum Group will post 5.46 earnings per share for the current year.

UNM has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Unum Group from a “hold” rating to a “sell” rating in a research note on Friday, April 12th. TheStreet raised shares of Unum Group from a “c+” rating to a “b” rating in a research note on Friday, March 8th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Unum Group from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, January 2nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $49.75.

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About Unum Group

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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