New stock for the watch list ..
HMN boosts dividend payout by 23%
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March 6, 2013 /PRNewswire/ -- Horace Mann Educators Corporation ( 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.
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Niche player in the insurance space, so I don't know how big this company can get ..
Paid a flat dividend for years .. cut it in half in 2008 and been growing it ever since ..
Current price is 20.75 .. Book value is $31.30 .. 1X Revenue = $24.40
PM% = 10.28 OM% = 16.17
Looks cheap relative to it's peers .. But .. to my mind insurance companies are only
as good as the folks that manage the float .. If we could only find one that invested
their "float" in growth of dividend stocks .. we'd be all set !!!
Triff ..@last-one-i-promise.com |
