CNO Financial hikes dividend by 7.7%

CNO Financial Group (CNO) will raise its quarterly dividend by 7.7 percent to 14 cents per share in 2022. This comes after a dividend hike of 8.3 percent to 13 cents per share by CNO in 2021 and marks the 10th consecutive year of dividend increases.

The next CNO dividend will be payable June 24, 2022, to shareholders of record at the close of business on June 10, 2022. A new annual rate of 56 cents yields 2.6% at a stock price of $21. CNO now pays an estimated $69 million in dividends annually to shareholders. 

CNO Financial Group, Inc. is a holding company for a group of insurance companies operating throughout the United States that develop, market and administer health insurance, annuity, individual life insurance and other insurance products. Its insurance companies – principally Bankers Life and Casualty Company, Colonial Penn Life Insurance Company and Washington National Insurance Company – primarily serve middle-income pre-retiree and retired Americans. CNO has paid a dividend every year since 2012.