SPRINGFIELD, Ill. - Horace Mann Educators Corporation (NYSE:HMN), a company specializing in financial services for educators, has announced a 3.0% increase in its quarterly cash dividend. The dividend has been raised to $0.34 per share, marking the 16th year in a row for such an increase. Shareholders of record as of March 15, 2024, will be eligible for the dividend, which is payable on March 29, 2024.
"This is the 16th consecutive year the Board has increased the annual shareholder cash dividend," stated Marita Zuraitis, President & CEO of Horace Mann.
In addition to the dividend increase, Horace Mann provided an earnings outlook for the full year of 2024, projecting earnings per share to be in the range of $3.00-$3.30. The company also expects its Property & Casualty segment to return to profitability for the year.
Horace Mann, founded in 1945 and headquartered in Springfield, Illinois, prides itself on offering tailored insurance and financial solutions to educators and community service workers across the United States.
This news article is based on a press release statement from Horace Mann Educators Corporation.
InvestingPro Insights
Following the positive announcement from Horace Mann Educators Corporation (NYSE:HMN) regarding their dividend increase, InvestingPro data and tips provide a deeper financial perspective on the company's performance. Horace Mann's commitment to shareholder value is underscored by its consistent dividend growth, now marking its 16th consecutive year of increases. This aligns with an InvestingPro Tip highlighting that the company has raised its dividend for an impressive 14 consecutive years and has maintained dividend payments for 32 consecutive years.
As investors consider the company's future, the InvestingPro platform offers additional insights. For instance, Horace Mann's market capitalization stands at $1.46 billion, and it boasts a solid revenue growth of 7.98% over the last twelve months as of Q4 2023. Additionally, the company has a Price/Earnings (P/E) ratio of 32.73, which, when adjusted for near-term earnings growth, presents a PEG ratio of 0.25, indicating potential value from a growth perspective.
Moreover, the company's profitability is not in question, with InvestingPro noting that Horace Mann has been profitable over the last twelve months. This is further supported by an earnings outlook for 2024 that projects an EPS in the range of $3.00-$3.30, and analysts predict the company will be profitable this year.
For investors seeking a more comprehensive analysis, InvestingPro offers additional tips on Horace Mann, with a total of 9 detailed insights available. To access these insights and enhance investment decisions, readers can use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
With an eye on the upcoming earnings date on April 30, 2024, investors may find these insights particularly valuable in assessing the company's financial health and growth potential.
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