Unum Group (UNM) Board Approves Hike in Common Stock Dividend

On May 22, Unum Group (NYSE:UNM) announced that its board of directors has approved a roughly 10% increase in its quarterly common stock dividend. The new dividend rate will be 46 cents per share, or $1.84 annually, and will take effect with the expected payment in the third quarter of 2025.

Unum Group (UNM) Board Approves Hike in Common Stock Dividend

Close up of a person’s hand signing a life insurance policy.

As a prominent provider of workplace benefits through its Unum and Colonial Life brands, Unum Group (NYSE:UNM) offers a broad range of insurance and support services, including disability, life, accident, critical illness, dental, and vision coverage, as well as leave management and behavioral health support. With a history spanning over 175 years, the company continues to focus on helping employees and their families succeed.

This proposed dividend increase will mark the 17th straight year Unum Group (NYSE:UNM) has raised its dividend, a testament to its steady financial performance. Over this time, the company has grown its quarterly payout from $0.083 to $0.420 per share, reinforcing its appeal to long-term income-focused investors.

Unum Group (NYSE:UNM) has a dividend yield of 2.11%, as recorded on May 22. The stock has surged by over 9% since the start of 2025.

While we acknowledge the potential of UNM as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than UNM but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the dirt cheap dividend stock.

READ MORE: 10 Unstoppable Dividend Stocks to Buy Now and 25 High Dividend Stocks Being Targeted By Short Sellers

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