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 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 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 has a dividend yield of 2.11%, as recorded on May 22. The stock has surged by over 9% since the start of 2025.

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