Kansas City Life Insurance Company announced that the Board of Directors of the company, declared a quarterly dividend of $0.14 per share on April 25, 2022. The dividend will be payable on May 11, 2022, to stockholders of record on May 5, 2022. This amount of the dividend represents a significant reduction in the quarterly dividend that has been paid by the Company since the start of 2001. The Board elected to reduce the dividend based on operating losses and increased capital strain that has arisen over the last few years due to a significant increase in death claims related to the COVID 19 pandemic coupled with the longer-term impact from the extremely low interest rate environment.
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35.05 USD | 0.00% | 0.00% | +0.14% |
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