Horace Mann Educators Corporation
HMNFinancial Services · Insurance - Property & Casualty · Stock · quarterly payer
Forward Yield
3.11%
Annual Dividend
$1.44
Payout Ratio
33%
5-Yr Growth
3.1%
Ex-Date
Sep 16, 2026
Frequency
Quarterly
Key facts about HMN's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Horace Mann Educators Corporation (HMN) has a forward dividend yield of 3.11%, based on an annual dividend of $1.44 per share and a share price of $46.33.
- As of Oct 18, 2026, HMN's dividend safety grade from SmarterDividends is A (90 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, Horace Mann Educators Corporation (HMN) has raised its dividend for 16 consecutive years as of Oct 18, 2026.
- HMN last cut its regular dividend in 2009.
- HMN's most recent ex-dividend date was Sep 16, 2026, for a dividend of $0.36 per share.
- As of Oct 18, 2026, HMN pays out 33% of its trailing 12-month earnings as dividends (its payout ratio).
- HMN's dividend has grown at an average rate of 3.1% a year over the past five years.
- As of Oct 18, 2026, HMN's 3.11% yield is 11% below its five-year average yield of 3.51%.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for HMN is $43.45 per share, 6% below the $46.33 share price, so HMN screens as fairly valued.
- Horace Mann Educators Corporation (HMN) pays its dividend quarterly, 4 times a year.
- Horace Mann Educators Corporation (HMN) has raised its regular dividend 26 times and cut it 1 time across the 139 payments on record since 1992. Its most recent change was a 2.9% increase to $0.360 per share, going ex-dividend on Mar 17, 2026. The last cut went ex-dividend on Dec 18, 2008.
Cite this page
SmarterDividends, "HMN Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/HMN
Summary
As of Oct 18, 2026, Horace Mann Educators Corporation (HMN) yields 3.11% ($1.44 a year per share), has a dividend safety grade of A (90/100) and has 16 consecutive years of dividend increases on record.
Is HMN a good dividend stock?
YesHorace Mann Educators Corporation (HMN) pays a quarterly dividend yielding 3.11% ($1.44/yr), with 16 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 16 consecutive years of dividend growth
- Comfortable payout ratio (33%)
- Top-tier dividend safety score
Risks
- Cut its dividend in 2009
Key Data
- Dividend Yield
- 3.11%
- Payout Ratio
- 33%
- Annual Dividend
- $1.44
- 5-Yr Avg Growth
- 3.1%
- Ex-Dividend Date
- Sep 16, 2026
- Years of Growth
- 16
- Frequency
- quarterly
- Beta
- 0.10
- Market Cap
- $1.9B
- P/E Ratio
- 10.8
- 5-Yr Total Return
- 25%
- 52-Week Range
- $41.29 – $55.56
- Dividend Safety
- A · 90/100
- Ever Cut?
- Yes (2009)
HMN dividend raises and cuts
Horace Mann Educators Corporation (HMN) has raised its regular dividend 26 times and cut it 1 time across the 139 payments on record since 1992. Its most recent change was a 2.9% increase to $0.360 per share, going ex-dividend on Mar 17, 2026. The last cut went ex-dividend on Dec 18, 2008.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Mar 17, 2026 | Raise | $0.350 → $0.360 | +2.9% |
| Mar 17, 2025 | Raise | $0.340 → $0.350 | +2.9% |
| Mar 14, 2024 | Raise | $0.330 → $0.340 | +3.0% |
| Mar 15, 2023 | Raise | $0.320 → $0.330 | +3.1% |
| Mar 16, 2022 | Raise | $0.310 → $0.320 | +3.2% |
| Mar 16, 2021 | Raise | $0.300 → $0.310 | +3.3% |
| Mar 16, 2020 | Raise | $0.288 → $0.300 | +4.2% |
| Mar 15, 2019 | Raise | $0.285 → $0.288 | +1.1% |
| Mar 16, 2018 | Raise | $0.275 → $0.285 | +3.6% |
| Mar 16, 2017 | Raise | $0.265 → $0.275 | +3.8% |
| Mar 17, 2016 | Raise | $0.250 → $0.265 | +6.0% |
| Mar 12, 2015 | Raise | $0.230 → $0.250 | +8.7% |
Show all 27 changes since 1993
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Mar 13, 2014 | Raise | $0.195 → $0.230 | +17.9% |
| Mar 14, 2013 | Raise | $0.160 → $0.195 | +21.9% |
| Dec 13, 2012 | Raise | $0.130 → $0.160 | +23.1% |
| Dec 15, 2011 | Raise | $0.110 → $0.130 | +18.2% |
| Dec 16, 2010 | Raise | $0.0800 → $0.110 | +37.5% |
| Dec 17, 2009 | Raise | $0.0530 → $0.0800 | +50.9% |
| Dec 18, 2008 | Cut | $0.105 → $0.0530 | −49.5% |
| Nov 26, 1999 | Raise | $0.0930 → $0.105 | +12.9% |
| Aug 31, 1999 | Raise | $0.0800 → $0.0930 | +16.2% |
| Nov 25, 1997 | Raise | $0.0675 → $0.0800 | +18.5% |
| Feb 26, 1997 | Raise | $0.0550 → $0.0675 | +22.7% |
| Feb 29, 1996 | Raise | $0.0450 → $0.0550 | +22.2% |
| Feb 23, 1995 | Raise | $0.0360 → $0.0450 | +25.0% |
| Feb 23, 1994 | Raise | $0.0300 → $0.0360 | +20.0% |
| Feb 23, 1993 | Raise | $0.0250 → $0.0300 | +20.0% |
Frequently Asked Questions
Is HMN a good dividend stock?
Yes. Horace Mann Educators Corporation (HMN) pays a quarterly dividend yielding 3.11% ($1.44/yr), with 16 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is HMN undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, HMN's fair value is about $43.45 versus a $46.33 share price — so it looks fairly valued (-6% vs. fair value).
Is HMN's dividend safe?
HMN has a dividend-safety grade of A (90/100), based on its payout coverage, free-cash-flow, 16-year growth streak, a dividend cut in 2009, debt and yield-versus-history.
What is HMN's fair value?
Our blended fair-value estimate for HMN is about $43.45 per share, about 6% below the current $46.33 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is HMN a buy, hold, or sell?
We don't issue formal ratings, but on the data HMN screens as "yes" and fairly valued. Horace Mann Educators Corporation (HMN) pays a quarterly dividend yielding 3.11% ($1.44/yr), with 16 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will HMN cut its dividend?
HMN earns a dividend-safety grade of A (90/100), and has cut its dividend before (last in 2009). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does HMN pay a dividend?
Yes. Horace Mann Educators Corporation pays a quarterly dividend of about $1.44 per share annually, a forward yield of roughly 3.11%.
What is HMN's dividend yield?
As of Oct 18, 2026, HMN's forward dividend yield is 3.11%, based on a $1.44 annual dividend and a $46.33 share price.
What is HMN's dividend per share?
As of Oct 18, 2026, HMN pays $1.44 per share per year, distributed on a quarterly basis.
What is HMN's dividend payout ratio?
As of Oct 18, 2026, HMN's payout ratio is 33% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has HMN grown its dividend?
As of Oct 18, 2026, HMN has increased its dividend for 16 consecutive years.
When is the next HMN ex-dividend date?
As of Oct 18, 2026, HMN's next ex-dividend date hasn't been announced. The most recent was Sep 16, 2026, for $0.36 per share.
HMN Price — Last 12 Months
Daily close
Price Return
1 Year
+1%
3 Years
+38%
5 Years
+25%
52-Week Range
$41.29 – $55.56
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is HMN worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for Horace Mann Educators Corporation is $43.45 per share, versus a market price of $46.33. That implies the stock is roughly fairly priced.
Fair Value
$43.45
Current Price
$46.33
Gap
-6%
Margin of Safety
-7%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 8.0% discount rate (CAPM), 3.6% growth for five years fading to 2.5% over the next five, $4.28 EPS, $1.44 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
HMN Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full HMN dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 16, 2026 | Sep 30, 2026 | $0.3600 | regular |
| Jun 15, 2026 | Jun 30, 2026 | $0.3600 | regular |
| Mar 17, 2026 | Mar 31, 2026 | $0.3600 | regular |
| Dec 15, 2025 | Dec 31, 2025 | $0.3500 | regular |
| Sep 16, 2025 | Sep 30, 2025 | $0.3500 | regular |
| Jun 16, 2025 | Jun 30, 2025 | $0.3500 | regular |
| Mar 17, 2025 | Mar 31, 2025 | $0.3500 | regular |
| Dec 16, 2024 | Dec 31, 2024 | $0.3400 | regular |
| Sep 16, 2024 | Sep 30, 2024 | $0.3400 | regular |
| Jun 13, 2024 | Jun 28, 2024 | $0.3400 | regular |
| Mar 14, 2024 | Mar 29, 2024 | $0.3400 | regular |
| Dec 13, 2023 | Dec 29, 2023 | $0.3300 | regular |
| Sep 14, 2023 | Sep 29, 2023 | $0.3300 | regular |
| Jun 14, 2023 | Jun 30, 2023 | $0.3300 | regular |
Income Calculator
At $1.44 / yr per share
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