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CNO Financial Increases Stock Buyback Authorization, Lifts Quarterly Dividend

05/07/2021 12:28

04:26 PM EDT, 05/07/2021 (MT Newswires) -- CNO Financial Group (CNO) said Friday that its board approved the repurchase of a further $500 million of outstanding common stock.

As of March 31, the company had $169 million in remaining repurchase capacity under its share repurchase program.

In addition, the company's board approved an increase in the company's quarterly dividend of $0.01 per share to $0.13 per share, payable June 24 to shareholders on record as of June 10.

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