Unum Group (NYSE:UNM) recently made an exciting announcement on May 22, revealing that its board of directors has approved a significant increase in its quarterly common stock dividend. The new dividend rate will see a boost of approximately 10%, bringing it to 46 cents per share, or $1.84 annually. This change is set to take effect with the expected payment in the third quarter of 2025.
The decision to increase the dividend reflects Unum Group’s continued commitment to providing value to its shareholders. As a leading provider of workplace benefits under its Unum and Colonial Life brands, the company offers a wide range of insurance and support services, including disability, life, accident, critical illness, dental, and vision coverage. Additionally, Unum Group provides leave management and behavioral health support, further emphasizing its dedication to helping employees and their families thrive.
This proposed dividend increase will mark the 17th consecutive year that Unum Group has raised its dividend, showcasing its consistent financial performance. Over the years, the company has steadily grown its quarterly payout from $0.083 to $0.420 per share, making it an attractive option for long-term income-focused investors.
As of May 22, Unum Group (NYSE:UNM) boasts a dividend yield of 2.11% and has seen its stock price rise by over 9% since the beginning of 2025. While the company presents a compelling investment opportunity, some experts believe that there are other deeply undervalued dividend stocks that may offer even greater potential for higher returns in a shorter time frame.
If you’re on the lookout for a promising dividend stock that trades at 10 times its earnings, grows its earnings at double-digit rates annually, and is more appealing than UNM, consider exploring our report on the “dirt cheap dividend stock.”
For more insights on dividend stocks and investment opportunities, be sure to check out our articles on “10 Unstoppable Dividend Stocks to Buy Now” and “25 High Dividend Stocks Being Targeted By Short Sellers.”
In conclusion, Unum Group’s recent dividend increase highlights the company’s strong financial position and commitment to delivering value to its shareholders. With a history spanning over 175 years, Unum Group continues to prioritize the well-being of employees and their families while providing top-notch insurance and support services.
