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FBL Financial increases dividend, declares special cash dividend

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West Des Moines-based FBL Financial Group Inc. announced a 4.3 percent increase in its quarterly cash dividend to 48 cents per share, and a special cash dividend of $1.50 per share. The special cash dividend, payable on March 29 to Class A and Class B common stockholders of record as of March 15, is estimated to be approximately $37 million. “FBL Financial Group has a strong financial foundation and our business continues to generate excess capital,” CEO James Brannen said in a release. “We are committed to returning cash to shareholders as demonstrated by the payment of this special cash dividend and increasing our regular quarterly dividend.”