The board of directors of the Kansas City Board of Trade at their regular January 27 board meeting declared a 2009 dividend for all equity shareholders (Class “AA” Members) of record as of Nov. 25, 2008. The record-high dividend of $20,500 per share was paid this week. The dividend is based on the 2008 earnings of the corporation.
“The record dividend is a reflection of the viability and liquidity of the KCBT wheat contract and its ability to weather record prices and volatility,” said 2008 KCBT Chairman Jeff Voge. “The 2009 dividend amount represents a 6.83 percent return on investment, using the latest share sales price. In this environment, the return alone is attractive, not to mention the valuable benefits of membership that go along with it.”
“The exchange has paid a dividend to its shareholders for 11 consecutive years”, added KCBT President and CEO Jeff Borchardt. “The continued trend of record profitability confirms and reinforces our business plan of providing the marketplace with the most effective and efficient wheat futures contract possible and returning value to shareholders.”
The KCBT, Kansas City’s oldest business, is a for-profit corporation organized under the laws of Delaware. The exchange, founded in 1856, is the world's largest futures market for hard red winter wheat. Daily quotes, market commentary, historical data and charting services are available on our website at www.kcbt.com.
KCBT®/KCBOT ® are service marks of the Kansas City Board of Trade and are registered in the United States.