Horace Mann Increases Quarterly Dividend by 22%
SPRINGFIELD, Ill., March 6, 2013 /PRNewswire/ -- Horace Mann Educators Corporation (NYSE: HMN) today announced that its Board of Directors has declared a quarterly cash dividend of $0.195 per share. This represents an annualized dividend of $0.78 per share and follows a 23% increase declared in December 2012. Historically, the Board of Directors has reviewed the dividend and other capital management actions in December. Beginning in 2013, the Board has moved this review to March so that actual year-end results can be taken into consideration.
"The Board's decision to raise the dividend again, for the fifth consecutive year, reflects not only our strong 2012 operating results, but also Horace Mann's continued financial strength, excess capital position and strong cash flow," said Peter H. Heckman, President and Chief Executive Officer.
The quarterly dividend is payable on March 29, 2013 to shareholders of record as of March 18, 2013.
Horace Mann -- the largest national multiline insurance company focusing on educators' financial needs -- provides auto and homeowners insurance, retirement annuities, life insurance and other financial solutions. Founded by Educators for Educators® in 1945, the company is headquartered in Springfield, Ill. For more information, visit www.horacemann.com.
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, 2012 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.
SOURCE Horace Mann Educators Corporation