Multiline insurance company Horace Mann Educators announced yesterday its second-quarter dividend of $0.195 per share, the same rate it paid last quarter when it raised the payout 22%, from $0.16 per share.
The board of directors said the quarterly dividend is payable on June 28 to the holders of record at the close of business on June 10.
The regular dividend payment equates to a $0.78-per-share annual dividend, yielding 3.4% based on the closing price of Horace Mann Educator's stock on May 22.
The article Horace Mann Maintains Steady Dividend originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.