CNO Financial Group Boosts Dividend and Share Buyback Program

Published 2 hours agoCNO

CNO Financial Group Boosts Dividend and Share Buyback Program

CNO Financial Group, Inc. (NYSE: CNO) has announced a 6% increase in its quarterly dividend, pushing the payout to $0.17 per share from the previous $0.16. This marks the company's 13th consecutive annual dividend increase, highlighting its ongoing dedication to shareholder value.

The new dividend rate will be payable on June 24, 2025, to those who are recorded as shareholders by June 10, 2025. In addition to the dividend bump, CNO Financial's board has approved an expansion of the share repurchase program by $500 million. This raises the total repurchase capacity to approximately $740.3 million as of December 31, 2024. The move comes ahead of the company's virtual annual meeting, slated for May 8, 2025.

These financial maneuvers underscore CNO Financial Group's robust performance and its strategic efforts to enhance shareholder return. As noted by sources such as the company's investor relations page, the annual meeting will offer shareholders the opportunity to engage directly, emphasize corporate governance, and discuss future company endeavors.

Share this article

Twitter Facebook LinkedIn

Recent Articles

Ben & Jerry's Claims Unilever Suppresses Social Mission Amid Peltz Influence

Ben & Jerry's Claims Unilever Suppresses Social Mission Amid Peltz Influence

12 minutes agoUL

Ben & Jerry's has brought attention to the growing influence of activist investor Nelson Peltz over its parent company, Unilever. The iconic ice cream brand alleges that Unilever is suppressing its social mission, highlighted by claims of edited social media posts that align with Peltz's political views, specifically his support for Donald Trump. Additionally, a dispute arose when Unilever blocked Ben & Jerry's attempt to donate to Medical Aid for Palestinians, expressing concerns about the charity's supposed anti-Israel stance. A major point of contention involves the abrupt departure of Ben & Jerry's CEO David Stever. The company accuses Unilever of pushing Stever out due to his backing of Ben & Jerry’s progressive activism. In response to these grievances, Ben & Jerry's has filed a lawsuit in the U.S. District Court for the Southern District of New York, charging Unilever with breaching a 2000 agreement that ensured the preservation of its social mission. This case underscores the discord between the iconic brand and its parent company. Unilever, meanwhile, denies the accusations and asserts that Stever's resignation was voluntary, stating that CEO decisions are made after consulting Ben & Jerry's Independent Board. Reuters reported Unilever's plan to spin off its ice cream division, including Ben & Jerry's, into a standalone entity by July 1, 2025. The move is seen as an effort to resolve ongoing tensions and refocus each entity's direction.

HSBC's Sustainability Chief to Depart Amid Restructuring

HSBC's Sustainability Chief to Depart Amid Restructuring

42 minutes agoHSBC

HSBC Asset Management's global head of sustainability, Erin Leonard, is set to leave her position as the company undergoes significant restructuring under CEO Georges Elhedery. This development is part of HSBC's broader strategy to streamline operations and cut costs, which has already seen several senior management exits, including the chief sustainability officer. Under the new structure, the Sustainability Office established by Leonard in 2021 to handle sustainable investments and diversity initiatives will have its functions distributed across different business units. ESG (Environmental, Social, and Governance) initiatives will now fall under the management of the Responsible Investment team, led by Cathrine de Coninck-Lopez. As reported by Reuters, this shift comes alongside HSBC's reevaluation of its ESG strategy, responding to increasing political scrutiny, especially in the United States. Despite these leadership changes, HSBC maintains its commitment to achieving net-zero emissions by 2050. The bank is reviewing its emissions policies and has announced new hires, including Danny Alexander, to strengthen its low-carbon infrastructure financing. This move indicates HSBC's ongoing dedication to its environmental goals, despite the current overhaul of its sustainability strategy.

Chevron CEO Eyes $100 Oil as Supply Tightens

Chevron CEO Eyes $100 Oil as Supply Tightens

57 minutes agoCVX

Chevron CEO Mike Wirth recently shared in a Bloomberg Television interview that oil prices are nearing $100 per barrel. He attributed this potential rise to a tightening of supply and dwindling inventories. While acknowledging that increased oil prices could pose challenges to both the U.S. and global economies, Wirth expressed confidence that robust underlying economic factors would allow for the absorption of these changes. To bolster energy production while maintaining efficiency, Chevron is honing in on capital-efficient growth. The company is targeting a 10% increase in output from the Permian Basin and plans to boost production in the Gulf of Mexico from 200,000 to 300,000 barrels per day by 2026. This strategy underscores Chevron's commitment to expanding energy supplies while reducing investment costs. Moreover, Chevron is also gearing up to address the rising energy needs of data centers. Partnering with GE Vernova and Engine No. 1, Chevron aims to deliver four gigawatts of power to U.S. data centers by late 2027. This initiative highlights the company's proactive approach to meeting the demands of an increasingly digital world while navigating the complexities of the energy market.

American Axle Sets Sights on Growth with 2025 Outlook and Dowlais Acquisition

American Axle Sets Sights on Growth with 2025 Outlook and Dowlais Acquisition

American Axle & Manufacturing Holdings, Inc. has unveiled its financial projections for 2025, setting expectations for sales between $5.8 billion and $6.05 billion. The company anticipates its adjusted EBITDA will fall within the range of $700 million to $760 million, with a forecasted adjusted free cash flow of $200 million to $230 million. These figures are based on a projected 15.1 million units of North American light vehicle production, capital spending comprising 5% of sales, and restructuring cash payments estimated between $20 million and $30 million. Notably, the outlook excludes costs from the recently announced merger with Dowlais. In a strategic move to expand its operations, AAM is acquiring Dowlais Group plc, a transaction valued at around $1.44 billion in cash and stock. This merger aims to bolster AAM's capabilities in the electric vehicle sector and is expected to yield $300 million in annual cost synergies. Once completed, the combined entity is projected to generate approximately $12 billion in annual revenue, with ownership split between AAM and Dowlais shareholders at about 51% and 49%, respectively. AAM's current CEO, David C. Dauch, is slated to lead the newly formed company, with the deal anticipated to conclude by the end of 2025. American Axle's stock is currently priced at $3.99, experiencing its highest intraday trade at $4.24 and its lowest at $3.85, with a trading volume of nearly 3.9 million shares as of May 2. Reuters reported this market data, indicating steady investor interest in the company's stock as AAM navigates these significant business developments.