CNO Financial Group (CNO) Declares $0.07 Quarterly Dividend; Adds $400M to Buyback Plan

CNO Financial Group (NYSE: CNO) declared a quarterly dividend of $0.07 per share, or $0.28 annualized.

The dividend will be payable on December 24, 2015, to stockholders of record on December 10, 2015, with an ex-dividend date of December 8, 2015.

The annual yield on the dividend is 1.4 percent.

In addition, the company also announced that its Board of Directors has approved an additional $400 million to repurchase the company's outstanding common stock. As of September 30, 2015, CNO had repurchased $311.2 million of common stock in 2015 and had remaining repurchase capacity under the buyback program of approximately $110 million. The repurchase program is intended to be implemented through purchases made from time to time in the open market, through private transactions or by a tender offer, in accordance with Securities and Exchange Commission requirements. The amount and timing of the repurchases (if any) will be based on business and market conditions and other factors.

For a dividend history and other dividend-related data on CNO Financial Group (CNO) click here.

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