Horace Mann Educators Corporation (NYSE:HMN) today announced that its Board of Directors approved a 3.0% increase in the quarterly cash dividend to $0.34 per share. This represents an indicated annual dividend of $1.36 per share. The quarterly dividend is payable on March 29, 2024, to shareholders of record as of March 15, 2024.
"This is the 16th consecutive year the Board has increased the annual shareholder cash dividend, reflecting Horace Mann's commitment to long-term shareholder value creation," said Horace Mann President & CEO Marita Zuraitis.
The company also noted that it continues to expect full-year 2024 earnings per share between $3.00-$3.30 with the Property & Casualty segment expected to return to full-year profitability.
About Horace Mann
Horace Mann Educators Corporation is the largest financial services company focused on helping America's educators and others who serve the community achieve lifelong financial success. The company offers individual and group insurance and financial solutions tailored to the needs of the educator community. Founded by Educators for Educators® in 1945, the company is headquartered in Springfield, Illinois. For more information, visit horacemann.com.
Safe Harbor Statement
Certain statements included in this news release, including those regarding our earnings outlook, constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on management's current expectations and beliefs concerning future developments and their potential effects upon Horace Mann and its subsidiaries. Horace Mann cautions investors that such statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond Horace Mann's control, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking statements included in this document. Certain important factors that could cause actual results to differ, possibly materially, from expectations or estimates reflected in such forward-looking statements can be found in the "Risk Factors" and "Forward-Looking Information" sections included in Horace Mann's Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission (SEC). The forward-looking statements herein are subject to the risk, among others, that we will be unable to execute our strategy because of market or competitive conditions or other factors. Horace Mann does not undertake to update any particular forward-looking statement included in this document if we later become aware that such statement is not likely to be achieved.
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