The board of directors of the Kansas City Board of Trade at their regular January 26 board meeting declared a 2010 dividend for all equity shareholders (Class “AA” Members) of record as of Nov. 24, 2009. A record-high dividend of $22,000 per share is to be paid in January 2010. The dividend is based on the 2009 earnings of the corporation.
“The Kansas City Board of Trade saw record profitability in 2009 and for the 12th consecutive year has paid a dividend to its shareholders,” said 2009 KCBT Chairman James W. Neville, Jr. “The record dividend is exhibitive of the viability and liquidity of the KCBT wheat futures contract. In fact, open interest in the contract increased nearly 75 percent in 2009 compared to the end of 2008. The 2010 dividend amount represents a 7.1 percent return on investment relative to the latest share sales price of $310,000 on January 14, and is just one of the numerous benefits of KCBT membership.”