The Unum Group Corp. board today decided to increase the company’s quarterly dividend 10%, to 8.25 cents per common share.

Unum, Chattanooga, Tenn., will declare the higher dividend in the third quarter, the company says.

The dividend increase is the first Unum has announced since the company cut its dividend 6 years ago.

“With our consistently solid operating results and capital position, we believe the time is right to increase the dividend we pay to stockholders,” Unum President Thomas Watjen says in a statement.