SPRINGFIELD, Ill.--(BUSINESS WIRE)--Horace Mann Educators Corporation (NYSE:HMN) today announced that its Board of Directors approved a 4.3% increase in the quarterly cash dividend to $0.30 per share. This represents an annualized dividend of $1.20 per share.
“This is the 12th consecutive year the board has increased the annual cash dividend for our shareholders,” said President and Chief Executive Officer Marita Zuraitis. “Horace Mann achieved strong results in 2019 that showed the benefits of our transformation and the potential of our strategic initiatives. By building on that success in 2020 and beyond, we can expand our market reach to provide solutions for more educators and further accelerate shareholder value creation.”
The quarterly dividend is payable on March 31, 2020, to shareholders of record as of March 17, 2020.
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, 2019 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.