American Bankers Insurance Group, Inc. Increases its Quarterly Common Stock Dividend.MIAMI--(BUSINESS WIRE)--Nov. 13, 1998--American Bankers Insurance Group, Inc. (NYSE NYSE See: New York Stock Exchange :ABI Abi (ā`bī) [short for Abijah], in the Bible, King Hezekiah's mother. (Application Binary Interface) A specification for a specific hardware platform combined with the operating system. ) today announced that its Board of Directors has increased the regular quarterly cash dividend paid on its common stock to $.12 per common share. The Board declared a regular quarterly cash dividend of $.12 per common share payable December 15, 1998 to common shareholders of record on December 2, 1998. "The Board's approval of the dividend increase shows a consistent pattern of acting on behalf of our shareholders," said R. Kirk Landon, ABI's Chairman of the Board. Mr. Landon also noted that the Board has increased the common dividend each of the last five years, and that this increase produces a dividend rate 9% higher than the prior amount. American Bankers Insurance Group, Inc. (ABIG ABIG American Bankers Insurance Group ABIG Access Bus Industry Group ) concentrates on marketing affordable, specialty insurance products and services through financial institutions, retailers and other entities offering consumer financing as a regular part of their business. ABIG, through its insurance subsidiaries, operates in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada, the Caribbean, Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. and the United Kingdom. |
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