Horace Mann Increases Quarterly Dividend by More Than 3%
March 04 2021 - 3:15PM
Business Wire
Horace Mann Educators Corporation (NYSE:HMN) today announced
that its Board of Directors approved a 3.3% increase in the
quarterly cash dividend to $0.31 per share. This represents an
indicated annual dividend of $1.24 per share.
“Horace Mann is committed to driving long-term shareholder value
creation,” said Marita Zuraitis, Horace Mann President and CEO.
“This is the 13th consecutive year the Board has increased the
annual shareholder cash dividend. In addition, we continue to
opportunistically repurchase shares, buying almost 40,000 shares in
February at a total cost of approximately $1.5 million.
“We will continue to drive shareholder value through execution
of our strategic initiatives. As previously disclosed, we expect
2021 core earnings per share in the range of $3.00 to $3.20,” added
Zuraitis. “Our primary use of the capital we generate will continue
to be to support business growth at returns that meet or exceed our
return on equity targets.”
The quarterly dividend is payable on March 31, 2021, to
shareholders of record as of March 17, 2021.
About Horace Mann
Horace Mann is the largest financial services company focused on
providing America's educators and school employees with insurance
and retirement solutions. Founded by Educators for Educators® in
1945, the company is headquartered in Springfield, Ill. For more
information, visit horacemann.com.
Safe Harbor Statement
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, 2020 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210304005952/en/
Heather J. Wietzel Vice President, Investor Relations
217-788-5144 investorrelations@horacemann.com
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