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KMPB

22.33000 USD
0.09
0.40%
Last update May 6, 3:58 PM EDT
Post-market
Day range
22.17000
22.37000
Previous close
22.24000
Open
22.25
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Kemper Corporation Preferred Stock 5.875%
22.33
0.09
0.40%

Overview

Description

Kemper Corporation Preferred Stock 5.875% represents a class of preferred shares issued by Kemper Corporation, a prominent insurance company known for providing property, casualty, life, and health insurance solutions. The primary function of this preferred stock is to offer investors a fixed dividend yield of 5.875% annually, which is prioritized over common stock dividends, providing a more stable income stream. Under the financial market structure, this preferred stock plays a critical role in Kemper's capital formation, allowing the company to raise funds without diluting common equity. It serves the insurance sector by bolstering Kemper's financial flexibility in underwriting new policies and managing claims. As an asset, it contributes to the diversification of income-oriented investor portfolios, particularly appealing to those seeking dependable returns amidst fluctuating market conditions. Kemper Corporation, with its extensive service network across the United States, leverages this financial instrument to enhance its market presence and operational efficacy in the competitive insurance landscape.

About

CEO
Employees
0
Address
Phone
Website
Instrument type
Common stock
Sector
Industry
Country
United States
MIC code
XNYS
Post-market

Exchange is currently open for post-market.
Post market session closes in 3 hours 35 minutes

16:25
00:00
09:30
16:00
23:59

Trading Hours (Monday - Friday):

Pre-market
04:00 - 09:30
Main market
09:30 - 16:00
Post-market
16:00 - 20:00
All times are displayed in the America/New_York timezone (EDT, UTC-04:00).