Horace Mann Educators (HMN) Announces $50M Share Buyback
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Horace Mann Board of Directors authorizes new $50 million share repurchase program
May 25, 2022 4:15 PM EDTReiterates commitment to using capital to enhance shareholder returns; declares regular quarterly dividend
SPRINGFIELD, Ill.--(BUSINESS WIRE)-- Horace Mann Educators Corporation (NYSE: HMN) today announced its Board of Directors has authorized a new share repurchase program of up to $50 million. Under programs authorized in 2011 and 2015, through May 24, the company had repurchased a total of $95.5 million since 2011. Repurchase of 226,640 shares between April 1 and May 24 brought 2022 year-to-date repurchases to $10.8 million, nearly completing the prior authorizations. Key transactions in recent years have more than doubled the companys capital generating capacity.
Horace Mann remains... More
