CARMEL, Ind., Nov. 12, 2015 /PRNewswire/ -- CNO
Financial Group, Inc. (NYSE: CNO) announced today that its Board of
Directors has declared a quarterly cash dividend of $0.07 per share on the Company's common
shares. The dividend will be payable December 24, 2015, to shareholders of record at
the close of business on December 10,
2015.
In addition, the company also announced that its Board of
Directors has approved an additional $400
million to repurchase the company's outstanding common
stock. As of September 30,
2015, CNO had repurchased $311.2
million of common stock in 2015 and had remaining repurchase
capacity under the buyback program of approximately $110 million. 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.
About CNO Financial Group
CNO Financial Group, Inc. (NYSE: CNO) is a holding company.
Our insurance subsidiaries – 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 by helping them protect against
financial adversity and provide for a more secure retirement.
For more information, visit CNO online at www.CNOinc.com.
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SOURCE CNO Financial Group, Inc.