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Kemper Announces Quarterly Dividend; Stuart Parker to Assume Lead Director Role
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
dividends
Rhea-AI Summary
Kemper Corporation (NYSE: KMPR) has declared a quarterly dividend of $0.31 per share, payable on May 31, 2022, to shareholders of record as of May 16, 2022. Additionally, Kemper has appointed Stuart B. Parker as the new independent lead director, succeeding Robert J. Joyce. Joyce, who served as chairman from November 2015 to May 2021, will remain on the board. Kemper specializes in insurance solutions with approximately $15 billion in assets, serving over 6.4 million policies.
Positive
Quarterly dividend declared at $0.31 per share, enhancing shareholder returns.
Appointment of Stuart B. Parker as independent lead director may strengthen board leadership.
Negative
None.
CHICAGO--(BUSINESS WIRE)--
Kemper Corporation (NYSE: KMPR) announced today that its Board of Directors has declared a quarterly dividend of $0.31 per share. The dividend is payable on May 31, 2022, to its shareholders of record as of May 16, 2022.
In addition, Kemper announced that its independent directors of the Board have selected Stuart B. Parker to succeed Robert J. Joyce as independent lead director, effective immediately. Joyce, who joined the Kemper board in August 2012 and served as chairman from November 2015 to May 2021, will continue to serve as a board member, including as a member of the Governance and Risk Committees. Parker has been a Kemper Board member since November 2020 and is a member of the board’s Audit and Risk Committees.
“I’d like to thank Bob for having served in the roles as chairman and lead director,” said Joseph P. Lacher, Jr., Kemper’s President, CEO and Chairman. “His dedication to Kemper has made us a better company, and I look forward to his continued service on our board. Stuart’s deep expertise in the insurance industry is a great asset to Kemper, and I know his leadership will continue to help advance our strategy and make a strong impact.”
“Stuart’s industry experience and track record as an accomplished leader have enabled him to make valuable contributions to our board,” said Joyce. “I have all the confidence in his ability to take on the role of Lead Director and look forward to his leadership.”
About Kemper
The Kemper family of companies is one of the nation’s leading specialized insurers. With approximately $15 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 approximately 35,500 agents and brokers, and has approximately 10,400 associates dedicated to meeting the ever-changing needs of its customers.
