CARMEL,
Ind., May 5, 2023 /PRNewswire/ -- CNO Financial
Group, Inc. (NYSE: CNO) announced today that its Board of Directors
has approved an additional $500
million to repurchase the company's outstanding common
stock. As of March 31, 2023, CNO had approximately
$172 million of remaining repurchase
capacity under its share repurchase program. The repurchase program
is intended to be implemented through purchases made from time to
time in the open market, through private transactions or by a
tender offer, in accordance with Securities and Exchange Commission
requirements. The amount and timing of the repurchases (if any)
will be based on business and market conditions and other
factors.
The company also announced today that its Board of Directors has
approved a $0.01 per share increase
in its quarterly dividend, its eleventh consecutive annual
increase. The Board declared a quarterly cash dividend of
$0.15 per share on the company's
common shares. The dividend will be payable June 23, 2023, to shareholders of record at the
close of business on June 9,
2023.
About CNO Financial Group
CNO Financial Group, Inc. (NYSE: CNO) secures the future of
middle-income America. CNO provides life and health insurance,
annuities, financial services, and workforce benefits solutions
through our family of brands, including Bankers Life, Colonial
Penn, Optavise and Washington National. Our customers work hard to
save for the future, and we help protect their health, income and
retirement needs with 3.2 million policies and $34 billion in total assets. Our 3,400
associates, 4,300 exclusive agents and 4,000 independent partner
agents guide individuals, families and businesses through a
lifetime of financial decisions. For more information, visit
CNOinc.com.
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SOURCE CNO Financial Group