other material
confidence high
sentiment positive
materiality 0.70
Horace Mann authorizes new $50M share buyback program, declares $0.32 quarterly dividend
HORACE MANN EDUCATORS CORP /DE/
- Board authorized new $50M share repurchase program, replacing nearly completed prior authorizations.
- Company has repurchased $95.5M total since 2011; $10.8M in 2022 YTD through May 24.
- Regular quarterly dividend of $0.32 per share declared, payable June 30 to holders of record June 15.
- Management targets 10% avg annual EPS growth and sustained double-digit ROE starting 2023, expecting >$50M excess capital yearly.