The Board of Directors of StanCorp Financial Group, Inc. (“StanCorp”)
( SFG) today declared an annual cash dividend of $0.80 per share,
payable December 4, 2009, to shareholders of record on November 20,
2009. The annual cash dividend of $0.80 per share represents a 7%
increase over last year’s dividend of $0.75 per share.
StanCorp also announced that its Board of Directors has authorized a new
share repurchase program of up to 2 million shares of StanCorp common
stock.
“StanCorp is a strong and stable company that has protected and grown
its capital base while navigating through a difficult economy,” said
Greg Ness, president and chief executive officer. “Given our solid
operations and continued financial strength, we are pleased to be able
to provide additional returns to shareholders by increasing the dividend
and maintaining an active repurchase program. At StanCorp, returning
value to shareholders remains a top priority.”
Share repurchases under the new repurchase program will be made in the
open market or in negotiated transactions through December 31, 2011. The
new repurchase program will take effect upon the earliest of completion
or the expiration of the existing repurchase program, which had
approximately 0.9 million shares remaining at September 30, 2009, and
expires December 31, 2009.
About StanCorp Financial Group, Inc.
StanCorp Financial Group, Inc., through its subsidiaries marketed as The
Standard — Standard Insurance Company, The Standard Life Insurance
Company of New York, Standard Retirement Services, StanCorp Mortgage
Investors, StanCorp Investment Advisers, StanCorp Real Estate and
StanCorp Equities — is a leading provider of financial products and
services. StanCorp’s subsidiaries serve approximately 8.2 million
customers nationwide as of September 30, 2009, with group and individual
disability insurance, group life, AD&D and dental insurance, retirement
plans products and services, individual annuities and investment advice.
For more information about StanCorp Financial Group, Inc., visit its Web
site at www.stancorpfinancial.com.
Disclosure
Information in this news release includes certain statements related to
projected growth and future events. These statements are
"forward-looking" statements as that term is defined in the Private
Securities Litigation Reform Act of 1995. Because such statements are
subject to risks and uncertainties, actual results in future periods may
differ materially from those expressed or implied by such
forward-looking statements. See StanCorp's 2008 annual report on Form
10-K and most recent Form 10-Q filed with the Securities and Exchange
Commission for a description of the types of uncertainties and risks
that may affect actual results.
