Kansas City Life insurance Announces Dividend and Stock Up 0.4%

Kansas City Life insurance (OTCMKTS:KCLI) recently announced a dividend for its shareholders, which has sparked interest in the financial services provider. The dividend, set at 0.14 per share, will be paid on August 7th to stockholders of record as of August 2nd. This represents a dividend yield of 1.49%, providing investors with a steady return on their investment.

Following this news, Kansas City Life insurance stock saw a slight increase of 0.4% on Friday, opening at $38.61. With a market cap of $372.52 million and a price-to-earnings ratio of 6.25, the company has shown stability in the market. Additionally, Kansas City Life insurance has a beta of 0.59, indicating lower volatility compared to the overall market. The stock has been trading within a range of $23.55 to $39.01 over the past year, showing resilience in the face of market fluctuations.

In its most recent quarterly earnings report released on April 26th, Kansas City Life insurance reported earnings per share of $0.16 for the quarter, with revenue totaling $127.31 million. The company demonstrated a net margin of 10.66% and a return on equity of 11.09%, showcasing its financial strength and ability to generate profits for its shareholders.

Kansas City Life insurance Company offers a range of insurance products and services in various states and the District of Columbia. The company operates through three segments: Individual Insurance, Group Insurance, and Old American. The Individual Insurance segment includes products such as Kansas City life, Grange life, and assumed reinsurance transactions, providing customers with personalized insurance solutions to meet their needs.

Investors and analysts are keeping a close eye on Kansas City Life insurance as it continues to deliver strong financial performance and dividends to its shareholders. With a solid track record and a commitment to providing quality insurance products, the company remains a reliable choice for investors looking for stability and growth in the financial services sector.

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