LONDON, UK / ACCESSWIRE / March 15, 2018 / Active-Investors has a free review on Horace Mann Educators Corp. (NYSE: HMN) following the Company's announcement that it will begin trading ex-dividend on March 16, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on March 15, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on HMN:
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On March 07, 2018, Horace Mann announced that its Board of Directors approved a 3.6% increase in the quarterly cash dividend, which will increase to $0.285 per share. This represents an annualized dividend of $1.14 per share and follows a 4% increase declared in March 2017. The quarterly dividend is payable on March 30, 2018, to shareholders of record as of March 19, 2018.
Marita Zuraitis, President and Chief Executive Officer at Horace Mann, said:
"We are pleased with our strong 2017 results and remain intently focused on continued profitable growth and driving long-term shareholder value."
Horace Mann's indicated dividend represents a yield of 2.60% compared to the average dividend yield of 3.72% for the Financial sector. This marks the tenth consecutive year the Company has raised its dividend.
Horace Mann has a dividend payout ratio of 49.6%, which denotes that the Company spends approximately $0.50 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, Horace Mann is forecasted to report earnings of $2.63 for the next year, which is more than double compared to the Company's annualized dividend of $1.14 per share.
As of December 31, 2017, Horace Mann's cash and cash equivalents totaled $7.63 million compared to $16.67 million as on December 31, 2016. The Company's net cash provided by operating activities for the year ended December 31, 2017, was $256.59 million, up 21% compared to $211.43 million for the year ago same period, largely due to an increase in Premiums collected and Investment income collected and a decrease in Income taxes paid. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
About Horace Mann Educators Corp.
Horace Mann is the largest financial services company focused on providing America's educators and school employees with insurance and retirement solutions. Founded by Educators for Educators® in 1945, the Company is headquartered in Springfield, Illinois.
Stock Performance Snapshot
March 14, 2018 - At Wednesday's closing bell, Horace Mann's stock marginally fell 0.23%, ending the trading session at $43.45.
Volume traded for the day: 100.92 thousand shares.
Stock performance in the last month – up 6.11%; previous six-month period – up 19.04%; and past twelve-month period – up 3.82%
After yesterday's close, Horace Mann's market cap was at $1.80 billion.
Price to Earnings (P/E) ratio was at 25.66.
The stock has a dividend yield of 2.12%.
The stock is part of the Financial sector, categorized under the Property & Casualty Insurance industry.
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