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Horace Mann (HMN) Rewards Shareholders with 4% Dividend Hike
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In a bid to return more value to shareholders, the board of directors of Horace Mann Educators Corporation (HMN - Free Report) recently approved a 4% hike in its quarterly dividend. The company will now reward shareholders with a dividend of 27.5 cents per share as against 26.5 cents paid on Dec 30, 2016.
Shareholders on record as of Mar 20, 2017, will have the meatier dividend in their pockets on Mar 31, 2017. The increased payout translates to an annualized dividend of $1.10 per share. Based on the closing share price of $41.55 as of Mar 8, the increased payout translates to a dividend yield of 2.53%.
The recent increase marks straight nine years of dividend hikes by the company. We note that the company's operational strength has enabled it to regularly raise dividends. The company has grown its dividend at a nine-year CAGR of 20.2%.
Horace Mann boasts a robust capital position and a solid financial foundation. Moreover, the company remains focused on returning cash to shareholders through initiatives like the ones mentioned above.
Shares of Horace Mann have lost 2.80% year to date, underperforming the Zacks categorized Multi line Insurance industry’s increase of 1.70%. Nonetheless, we expect that the company’s robust premium and investment income as well as solid capital position to help the stock gain momentum in the near term.
However, this Zacks Rank #5 (Strong Sell) Multi line insurer has witnessed its estimates moving south over the last 60 days. You can see the complete list of today’s Zacks #1 Rank stocks here. Nonetheless, we expect these shareholder-friendly moves to prompt analysts to raise estimates, leading to a rank upgrade.
Dividend hikes not only testify to the operational and financial strength of a company but also make a stock attractive for yield-seeking investors. Recently, the board of directors of FBL Financial Group, Inc. approved a 4.8% hike in its quarterly dividend. Also, Torchmark Corporation approved a 7.1% increase in its quarterly dividend. Furthermore, Argo Group International Holdings, Ltd. raised its quarterly dividend by 22.7%.
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Horace Mann (HMN) Rewards Shareholders with 4% Dividend Hike
In a bid to return more value to shareholders, the board of directors of Horace Mann Educators Corporation (HMN - Free Report) recently approved a 4% hike in its quarterly dividend. The company will now reward shareholders with a dividend of 27.5 cents per share as against 26.5 cents paid on Dec 30, 2016.
Shareholders on record as of Mar 20, 2017, will have the meatier dividend in their pockets on Mar 31, 2017. The increased payout translates to an annualized dividend of $1.10 per share. Based on the closing share price of $41.55 as of Mar 8, the increased payout translates to a dividend yield of 2.53%.
The recent increase marks straight nine years of dividend hikes by the company. We note that the company's operational strength has enabled it to regularly raise dividends. The company has grown its dividend at a nine-year CAGR of 20.2%.
Horace Mann boasts a robust capital position and a solid financial foundation. Moreover, the company remains focused on returning cash to shareholders through initiatives like the ones mentioned above.
Shares of Horace Mann have lost 2.80% year to date, underperforming the Zacks categorized Multi line Insurance industry’s increase of 1.70%. Nonetheless, we expect that the company’s robust premium and investment income as well as solid capital position to help the stock gain momentum in the near term.
However, this Zacks Rank #5 (Strong Sell) Multi line insurer has witnessed its estimates moving south over the last 60 days. You can see the complete list of today’s Zacks #1 Rank stocks here. Nonetheless, we expect these shareholder-friendly moves to prompt analysts to raise estimates, leading to a rank upgrade.
Dividend hikes not only testify to the operational and financial strength of a company but also make a stock attractive for yield-seeking investors. Recently, the board of directors of FBL Financial Group, Inc. approved a 4.8% hike in its quarterly dividend. Also, Torchmark Corporation approved a 7.1% increase in its quarterly dividend. Furthermore, Argo Group International Holdings, Ltd. raised its quarterly dividend by 22.7%.
8 Stocks with Huge Profit Potential
Just released: Driverless Cars: Your Roadmap to Mega-Profits Today. In this latest Special Report, Zacks’ Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making – autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>