LONDON, UK / ACCESSWIRE / October 25, 2017 / Pro-Trader Daily takes a closer look at Unum Group (NYSE: UNM) as the Company's stock will begin trading ex-dividend on October 27, 2017. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on October 26, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

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Dividend Declared

On October 16, 2017, Unum's Board of Directors declared a quarterly dividend of $0.23 per share on its common stock to be paid on November 17, 2017, to stockholders of record on October 30, 2017.

Unum's indicated dividend represents a yield of 1.76% compared to the average dividend yield of 3.08% for the Financial sector. The Company has raised dividends on its common stock for eight consecutive years.

Dividend Insights

Unum has a dividend payout ratio of 22.1%, which means that the Company distributes approximately $0.22 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, Unum is estimated to report earnings of $4.40 for the next year, which is more than four times the Company's annualized dividend of $0.92 per share.

As of June 30, 2017, Unum's cash and bank deposits totaled $117.0 million compared to $100.4 million as on December 31, 2016. For the six months ended June 30, 2017, Unum's net cash provided by operating activities totaled $642 million compared to cash flow of $561.4 million for the year-ago same period. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Recent Development for Unum

On October 10, 2017, Unum announced that it has received notice of an unsolicited mini-tender offer by Baker Mills Inc. to purchase from Unum's stockholders up to 120,000 shares of the Company's common stock, representing approximately 0.054% 0f Unum's common stock outstanding as of the October 03, 2017 offer date. Baker Mills' offer price of $41.00 per share is approximately 20.56% lower than the $51.61 closing share price of Unum's common stock on the NYSE on October 02, 2017, the last trading day prior to the date of the offer.

Unum stated that it does not endorse Baker Mills' unsolicited mini-tender offer and is not associated in any way with Baker Mills, its mini-tender offer, or its mini-tender offer documents. Since Baker Mills' offer price is below the current market value for Unum's common stock, Unum recommends that stockholders reject this unsolicited offer and not tender their shares in response to Baker Mills' offer, or, if stockholders have already tendered shares, that they withdraw their shares by providing the written notice described in the Baker Mills mini-tender offer documents prior to the expiration of the offer, currently scheduled on November 07, 2017.

About Unum Group

Unum is a leading provider of financial protection benefits in the United States and the United Kingdom. Its primary businesses are Unum US, Colonial Life, Starmount, and Unum UK. Unum's portfolio includes disability, life, accident and critical illness, dental and vision coverage, which help protect millions of working people and their families in the event of an illness or injury. Unum also provides stop-loss coverage to help self-insured employers protect against unanticipated medical costs.

The Company reported revenues of $11 billion in 2016 and provided $6.9 billion in benefits.

Stock Performance

Unum's share price finished yesterday's trading session at $52.82, marginally advancing 0.88%. A total volume of 898.36 thousand shares have exchanged hands. The Company's stock price soared 9.52% in the last three months, 12.55% in the past six months, and 47.50% in the previous twelve months. Additionally, the stock rallied 20.24% since the start of the year. Shares of the Company have a PE ratio of 12.74 and have a dividend yield of 1.74%. The stock currently has a market cap of $11.92 billion.

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