Kemper Announces 12% Increase to Quarterly Dividend
CHICAGO--(BUSINESS WIRE)--Nov 6, 2019--
Kemper Corporation (NYSE: KMPR) announced today that its Board of Directors has declared an increase in the company’s quarterly dividend to $0.28 per share, or an increase of 12% from the previous quarterly dividend. The dividend is payable on December 4, 2019 to its shareholders of record as of November 18, 2019.
The new quarterly dividend represents an annualized dividend amount of $1.12 per share as compared to the current annualized dividend amount of $1.00 per share. Coupled with the 4% increase in February of this year, the total annualized 2019 increase in the dividend is 17%.
“This increase demonstrates the strength of our business model and the power of our franchise,” said Kemper President and CEO Joseph P. Lacher, Jr. “Our increased scale and disciplined operational and financial management continue to generate increasing earnings, cash flows, and attractive capital returns to our shareholders.”
Added Board Chairman Robert J. Joyce: “This off-cycle increase is a strong sign of confidence in the management team, its long-term ability to build shareholder value, and the Board’s belief in our accelerating momentum. Going forward, the Board expects to continue its regular review of the dividend each February.”
Kemper Corporation (NYSE: KMPR) is one of the nation’s leading specialized insurers. With over $12 billion in assets, Kemper is improving the world of insurance by providing affordable and easy-to-use personalized solutions to individuals, families and businesses through its Auto, Personal Insurance, Life and Health brands. Kemper serves over 6.4 million policies, is represented by more than 30,000 agents and brokers, and has over 8,300 associates dedicated to meeting the ever-changing needs of its customers.
Learn more about Kemper.
View source version on businesswire.com:https://www.businesswire.com/news/home/20191106006103/en/
CONTACT: Investors: Christine Patrick, 312.661.4803, firstname.lastname@example.org
News Media: Barbara Ciesemier, 312.661.4521, email@example.com
KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS
INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE FINANCE
SOURCE: Kemper Corporation
Copyright Business Wire 2019.
PUB: 11/06/2019 05:30 PM/DISC: 11/06/2019 05:30 PM