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Stockreport

Horace Mann chairman to retire after 8 years in the role [MarketWatch]

HORACE MANN EDUCATORS (HMN)  More Company Research Source: MarketWatch
Last horace mann educators earnings: 8/2 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.horacemann.com
PDF Horace Mann chairman to retire after 8 years in the role Horace Mann Educators Corp. HMN, -0.47% disclosed Thursday that Chairman Gabriel Shaheen will retire from the company's board of directors, as he will not stand for re-election at the annual shareholder meeting on May 23. Shaheen has been chairman since May 2010 and a member of the board of directors the past 11 years. The company, which provides insurance and retirement services to school employees, said it appointed Wade Reece as vice chairman, effective March 6. The stock slipped 0.2% in afternoon trade. Separately, the company said late Wednesday that raised its quarterly dividend 3.6% to 28.5 cents a share from 27.5 cents a share, with the new dividend payable March 30 to shareholders of record on March 19. At current share prices, the new annual dividend rate of $1.14 implies a dividend yield of 2.68%, compared with the S&P 500's SPX, +0.11% implied dividend yield of 1.89%. Horace Mann's stock has gained 2.4% over th [Read more]

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