Unumprovident (UNM) is a leading provider of workplace benefits and insurance solutions. In May 2025, the board approved a 10% increase in its quarterly dividend, moving the payout from $0.42 to $0.46 per share, marking the 17th consecutive year of dividend growth. The previous annual dividend rate of $1.68 now rises to $1.84, and the new dividend yield stands at 2.1%.
UNM shares have increased by 11.2% in the year to date and 55.3% over the past 52 weeks. With a market capitalization of $14.3 billion, a forward price-earnings ratio of 8.9x, and a PEG ratio of 1.25x, its valuation remains attractive relative to its insurance peers.
