SPRINGFIELD, Ill., March 4, 2015 /PRNewswire/ -- Horace Mann Educators Corporation (NYSE:HMN) today announced that its Board of Directors has approved a 9% increase in the quarterly cash dividend, which will increase to $0.25 per share. This represents an annualized dividend of $1.00 per share and follows an 18% increase declared in March 2014.
"The Board's decision to raise the dividend for the seventh consecutive year reflects not only our strong 2014 operating results, but also Horace Mann's continued commitment to return capital to shareholders through regular dividend increases," stated Marita Zuraitis, President and Chief Executive Officer. "In addition to paying a compelling dividend, we are creating shareholder value by opportunistically repurchasing shares and focusing on increasing book value per share by profitably growing our business. We have confidence in our strategies to continue the strong momentum of profitable growth in 2015."
The quarterly dividend is payable on March 31, 2015 to shareholders of record as of March 16, 2015.
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, 2014 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.
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SOURCE Horace Mann Educators Corporation