CNO Financial announces initiation of dividend program, declares 2c dividend

CNO Financial Group announced that the board has approved initiation of a dividend program and has declared a quarterly cash dividend of 2c per share on the company's common shares. This quarterly rate represents an annualized dividend of 8c per share, which equates to a yield of approximately 1.1% based on the company's stock price at yesterday's close of trading on the New York Stock Exchange. Future cash dividends will be subject to board approval.