KANSAS CITY, MO - Kansas City Life Insurance Company (OTCQX: KCLI) announced today that its Board of Directors has declared a quarterly dividend of $0.14 per share. The dividend is scheduled to be paid on August 7, 2024, to shareholders who are on record as of August 1, 2024.
Established in 1895, Kansas City Life Insurance Company offers financial protection services, including life insurance and annuities, and operates across 49 states and the District of Columbia.
This dividend declaration follows the company's long-standing practice of returning value to its shareholders and reflects its commitment to maintaining a consistent dividend policy. The announcement is based on a press release statement from Kansas City Life Insurance Company.
InvestingPro Insights
Kansas City Life Insurance Company (KCLI) continues to demonstrate robust financial performance, as evidenced by its recent dividend declaration. A deeper dive into the company's financials through InvestingPro reveals a promising picture for investors considering this established insurer.
With a market capitalization of $358.19 million and a highly attractive price-to-earnings (P/E) ratio of 6.52, KCLI stands out in the market. This low P/E ratio, consistent over the last twelve months as of Q4 2023, suggests that the company's stock might be undervalued relative to its earnings, potentially offering an opportunity for investors.
InvestingPro data also shows a significant year-over-year revenue growth of 17.26% for the last twelve months as of Q4 2023, indicating a strong upward trajectory in the company's financial performance. Additionally, the impressive quarterly revenue growth of 51.73% in Q1 2023 underscores the company's ability to increase its earnings over short periods, which is an encouraging sign for stakeholders.
An InvestingPro Tip highlights the company's substantial EBITDA growth of 626.4% for the same period, signaling efficient operations and profitability. Moreover, the fair value estimation by InvestingPro stands at $50.64, suggesting that the current price of $36.97 might represent a considerable margin of safety for value-oriented investors.
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