Unum Group
UNMFinancial Services · Stock · quarterly payer
Forward Yield
2.11%
Annual Dividend
$2.02
Payout Ratio
43%
5-Yr Growth
9.1%
Ex-Date
Jul 24, 2026
Frequency
Quarterly
Summary
As of September 2026, Unum Group (UNM) yields 2.11% ($2.02 per share annually), with a blended fair-value estimate of $125.82 — +31% upside, so it screens as undervalued. Dividend safety grade: A (92/100). 17 years of dividend growth.
Is UNM a good dividend stock?
YesUnum Group (UNM) pays a quarterly dividend yielding 2.11% ($2.02/yr), with 17 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 17 consecutive years of dividend growth
- Comfortable payout ratio (43%)
- Strong 9.1% 5-yr dividend growth
- 282% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 2003
Key Data
- Dividend Yield
- 2.11%
- Payout Ratio
- 43%
- Annual Dividend
- $2.02
- 5-Yr Avg Growth
- 9.1%
- Ex-Dividend Date
- Jul 24, 2026
- Years of Growth
- 17
- Frequency
- quarterly
- Beta
- 0.26
- Market Cap
- $15.2B
- P/E Ratio
- 22.2
- 5-Yr Total Return
- 282%
- 52-Week Range
- $69.02 – $96.77
- Dividend Safety
- A · 92/100
- Ever Cut?
- Yes (2003)
Frequently Asked Questions
UNM Price — Last 12 Months
Daily close
Price Return
1 Year
+23%
3 Years
+95%
5 Years
+282%
52-Week Range
$69.02 – $96.77
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is UNM worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Unum Group is $125.82 per share, versus a market price of $95.85. That implies 31% of upside — a margin of safety of about 24%.
Fair Value
$125.82
Current Price
$95.85
Upside
+31%
Margin of Safety
24%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -3.8% annual free-cash-flow growth. We model 9.1% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 9.1% stage-1 growth, 2.5% terminal growth, $4.31 EPS, $2.02 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
UNM Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 24, 2026 | — | $0.5050 | regular |
| Apr 24, 2026 | — | $0.4600 | regular |
| Jan 30, 2026 | — | $0.4600 | regular |
| Oct 24, 2025 | — | $0.4600 | regular |
| Jul 25, 2025 | — | $0.4600 | regular |
| Apr 25, 2025 | — | $0.4200 | regular |
| Jan 24, 2025 | — | $0.4200 | regular |
| Oct 25, 2024 | — | $0.4200 | regular |
| Jul 26, 2024 | — | $0.4200 | regular |
| Apr 25, 2024 | — | $0.3650 | regular |
| Jan 25, 2024 | — | $0.3650 | regular |
| Oct 26, 2023 | — | $0.3650 | regular |
| Jul 27, 2023 | — | $0.3650 | regular |
| Apr 27, 2023 | — | $0.3300 | regular |
Income Calculator
At $2.02 / yr per share
