On Thursday, May 22nd the Board of Directors of Unum Group (UNM) announced a quarterly dividend increase of from $0.42 to $0.46 per share. This 9.52% raise will take effect with the dividend expected to be paid in the third quarter of 2025.
At the current price of $79.87 (Friday's close), this increase will raise UNM's dividend yield to 2.30%.
Unum Group is a Dividend Contenders with a 16 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 12.9, 10.3, 7.6 and 9.7 (Dividend Champions.xls)
As an owner of 200 shares of Unum Group, the recent dividend increase adds $23.84 to my projected annual net dividend income.
I was anticipating a dividend increase of around 12%, so the announced 9.52% hike came in a bit lower than expected. Still, I'm happy to see the raise.
This recent dividend increase marks the 5th consecutive raise I've received from Unum Group (UNM) since initiating my first shares in January 2021. Over that period, UNM's quarterly dividend has grown from $0.285 to $0.46 per share—an impressive 61.4% increase.
The moment of writing, UNM’s weight of my portfolio is about 2.01% and its share of future annual dividend income is approximately 1.07%.
Following this increase, my yield on cost is 7.30%.
Summary of 2025 Dividend Increases / Cuts
Click here to see my portfolio holdings.
You can follow the development of my dividends here.
Full Disclosure: Long UNM
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