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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (34256)	11/4/2024 7:09:27 AM
From: Ditchdigger	1 Recommendation Recommended By Graustus Respond to of 34328

A couple of tidbits from the UNM conference call Q&A . I certainly don't understand much of insurance companies financial reports. But some things I see as positives,solid management and shareholders interests in mind. Current yield is only 2.5% at present due to rise in share price, but it's a grower. I've held a full position since Oct '22, so far happy and continue to reinvest the dividends, tempted to add at some point. Opinions welcomed. finviz shows 181.04 share float and a PE of 6.94. " As a result, we have decided to dissolve our precapitalized trust facility, following the end of the third quarter. This was a tranche of contingent capital we no longer deem necessary given our multiple sources of capital. We've decided to use the proceeds for a onetime additional share repurchase in the fourth quarter. And when combined with our normal pace of purchases, we'll bring the total amount of share repurchase to approximately $1 billion for 2024, up from $250 million in 2023, and above our $500 million outlook coming into the year. When factoring in this expanded repurchase, we will have reduced our float by over 10% since restarting our share repurchase program in the fourth quarter of 2021. " "When considering this onetime special capital deployment, we expect share repurchases to total approximately $500 million in the fourth quarter or around $1 billion for 2024" "And after we've done that and focused on the growth, then we look to also returning capital to shareholders on the dividend front, increasing that earlier this year. We increased our dividend by 15%"