American Bankers Insurance Group Inc. Declares Dividend on its Convertible Preferred Stock.MIAMI--(BUSINESS WIRE)--Oct. 12, 1998--American Bankers Insurance Group Inc. (NYSE NYSE See: New York Stock Exchange :ABIpB) Monday announced that its board of directors declared a dividend on the company's $3.125 Series B Convertible Preferred Stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". of $0.78125 per share, payable Nov. 2, 1998, to preferred shareholders of record on Oct. 26, 1998. 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 and the United Kingdom. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion