Kemper Corp (NYSE:KMPR) declared a quarterly dividend on Thursday, May 2nd, Wall Street Journal reports. Shareholders of record on Monday, May 13th will be given a dividend of 0.25 per share by the insurance provider on Tuesday, May 28th. This represents a $1.00 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Friday, May 10th.
Kemper has a payout ratio of 22.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Kemper to earn $6.20 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 16.1%.
KMPR opened at $89.13 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.21 and a current ratio of 0.23. Kemper has a 1-year low of $61.57 and a 1-year high of $91.97. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 20.40 and a beta of 1.21.
Several analysts have recently issued reports on KMPR shares. Zacks Investment Research upgraded shares of Kemper from a “hold” rating to a “strong-buy” rating and set a $76.00 target price for the company in a research note on Friday, January 4th. JMP Securities upgraded shares of Kemper from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 8th. Finally, ValuEngine upgraded shares of Kemper from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $86.00.
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Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance to individuals and businesses in the United States. It operates through three segments: Preferred Property & Casualty Insurance, Specialty Property & Casualty Insurance, and Life and Health Insurance.
Further Reading: Diversification
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