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Kansas City Life Insurance Company Declares Dividend

The office of Kansas City Life Insurance Company showcasing stability and growth.

News Summary

Kansas City Life Insurance Company has announced a quarterly dividend of $0.14 per share, which will be distributed to stockholders on February 12, 2025. To qualify for this dividend, shares must be held by February 6, 2025. Established in 1895, the company has shown continued financial strength and a diversified approach through its various insurance segments. With a reported earnings per share (EPS) of $0.14 and a market cap of $351.08 million, investors remain optimistic about the company’s future as it maintains a solid dividend payout ratio.

Exciting News from Kansas City: Kansas City Life Insurance Company Declares Dividend

In a delightful announcement that is sure to catch the attention of stockholders, the Kansas City Life Insurance Company has declared a quarterly dividend of $0.14 per share. The news was recently shared on January 27, 2025, leaving many eager investors smiling.

When Can You Expect the Dough?

This dividend payment is set to hit the accounts of stockholders on February 12, 2025. To be eligible for this payout, you’ll need to have your shares in hand by February 6, 2025. So, if you’re holding onto shares, keep an eye on that date if you want to cash in!

A Glimpse into History

Founded all the way back in 1895, Kansas City Life Insurance has built a solid reputation in the world of financial protection. Based right in the heart of Kansas City, Missouri, this company is no stranger to navigating the ups and downs of the market. It operates in an impressive 49 states and the District of Columbia, showing its strong presence across the country.

Understanding the Business

The primary focus of Kansas City Life is all about providing financial protection through life insurance and annuities. The company provides its insurance products through three distinct segments: Individual Insurance, Group Insurance, and its Old American division. This multifaceted approach allows them to cater to a wide range of customers, which is always a smart move in today’s dynamic market.

Recent Financial Health

Digging into their most recent earnings, Kansas City Life Insurance reported an earnings per share (EPS) of $0.14 for the quarter ending on November 1, 2024. Total revenue for that quarter clocked in at a whopping $125.15 million. With a market cap of $351.08 million and a P/E ratio standing at 6.19, the company continues to show solid performance.

Stock Market Snapshot

If you’re keeping an eye on their stock, it was reported at $36.27 during trading hours on a recent Wednesday. Interestingly, there was a reported short interest of just 700 shares as of December 31, 2024, showing a significant decrease of 36.4% from 1,100 shares on December 15, 2024. This indicates that investors are feeling bullish about the company’s future prospects.

What About the Dividends?

For those wondering about the dividend yield, this recent payout amounts to an annualized total of $0.56, which gives a yield of 1.54%. Plus, their current dividend payout ratio stands at a comfortable 9.56%, suggesting a sustainable approach to sharing profits with shareholders.

Join the Community of Shareholders

The company trades on the OTCQX under the ticker symbol KCLI, making it accessible for those looking to invest. If you’d like more information about the company and its offerings, their website (www.kclife.com) is a treasure trove of details.

Wrapping it Up

It’s clear that Kansas City Life Insurance Company is committed to its stockholders and continues to showcase strong performance in the financial sector. Keep your eyes peeled for those dividend payments this February and stay tuned for further exciting news from this longstanding company in Kansas City!