Viewing article within:
Thrivent Financial Announces $319 Million in Dividends for 2017
January 10, 2017 | Callie Briese, Manager, Communications
Amount indicative of organization's financial strength & stability
Eligible members of Thrivent Financial will receive an estimated $319 million in dividends in 2017. This figure represents a 2% increase from last year's dividend distribution of approximately $312 million.
Thrivent's structure as a membership-owned fraternal benefit society allows it to return a portion of its surplus to eligible members in the form of dividends.
"We are pleased to be able to continue providing increasing dividends to our members, especially with ongoing low interest rates," said Randy Boushek, chief financial officer at Thrivent. "Despite this continued low interest rate environment, our overall investment, risk pooling, and expense management results have been very favorable and now enable us to share that success with our members."
The 2017 dividend scale was recently approved by the organization's board of directors and reflects the organization's continued financial strength and stability.
Solid business fundamentals, including rigorous expense management, strong investment practices and careful underwriting of new business, contributed to the creation of surplus to allow the organization to distribute back to the members who have contributed to its success.
Thrivent has paid $2.9 billion in dividends over the last 10 years; the organization has paid dividends every year since 1913.
Dividends are not guaranteed.
About Thrivent Financial
Thrivent Financial is a financial services organization that helps Christians be wise with money and live generously. As a membership organization, it offers its more than 2.3 million member-owners a broad range of products, services and guidance from financial representatives nationwide. For more than a century it has helped members make wise money choices that reflect their values while providing them opportunities to demonstrate their generosity where they live, work and worship. You can also find us on Facebook (Link opens in new window) and Twitter (Link opens in new window).
Insurance products issued or offered by Thrivent Financial, the marketing name for Thrivent Financial for Lutherans, Appleton, Wisconsin. Not all products are available in all states. Securities and investment advisory services are offered through Thrivent Investment Management Inc., 625 Fourth Ave. S., Minneapolis, MN 55415, a FINRA and SIPC member and a wholly owned subsidiary of Thrivent. Thrivent Financial representatives are registered representatives of Thrivent Investment Management Inc. They are also licensed insurance agents/producers of Thrivent. For additional important information, visit Thrivent.com/disclosures.