SPRINGFIELD, Ill., March 4, 2015 /PRNewswire/ -- Horace Mann
Educators Corporation (NYSE:HMN) today announced that its Board of
Directors has approved a 9% increase in the quarterly cash
dividend, which will increase to $0.25 per share. This represents an
annualized dividend of $1.00 per
share and follows an 18% increase declared in March
2014.
"The Board's decision to raise the dividend for the seventh
consecutive year reflects not only our strong 2014 operating
results, but also Horace Mann's
continued commitment to return capital to shareholders through
regular dividend increases," stated Marita
Zuraitis, President and Chief Executive Officer. "In
addition to paying a compelling dividend, we are creating
shareholder value by opportunistically repurchasing shares and
focusing on increasing book value per share by profitably growing
our business. We have confidence in our strategies to
continue the strong momentum of profitable growth in 2015."
The quarterly dividend is payable on March 31, 2015 to shareholders of record as of
March 16, 2015.
Horace Mann -- the largest
national multiline insurance company focusing on educators'
financial needs -- provides auto and homeowners insurance,
retirement annuities, life insurance and other financial solutions.
Founded by Educators for Educators® in 1945, the
company is headquartered in Springfield, Ill. For more information,
visit www.horacemann.com.
Statements included in this news release that are not historical
in nature are forward-looking within the meaning of the Private
Securities Litigation Reform Act of 1995 and are subject to certain
risks and uncertainties. Horace Mann
is not under any obligation to (and expressly disclaims any such
obligation to) update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
Please refer to the company's Annual Report on Form 10-K for the
period ended December 31, 2014 and
the company's past and future filings and reports filed with the
Securities and Exchange Commission for information concerning the
important factors that could cause actual results to differ
materially from those in forward-looking statements.
Website: https://www.horacemann.com
Logo -
http://photos.prnewswire.com/prnh/20141010/151463LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/horace-mann-increases-quarterly-dividend-by-9-300045431.html
SOURCE Horace Mann Educators Corporation