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FRONTIER INSURANCE GROUP, INC. ANNOUNCES CASH AND STOCK DIVIDENDS

 ROCK HILL, N.Y., June 11 /PRNewswire/ -- Frontier Insurance Group, Inc. (NYSE: FTR) today announced that yesterday, June 10, its board of directors declared two dividends.
 First, the board declared a cash dividend of 15 cents per share payable on July 21, 1993, to all shareholders of record at the close of business on June 30, 1993, the date of record. This is the sixth consecutive quarterly cash dividend declared by the board, and the company indicated that it is the intention of its board to consider the declaration of such cash dividends on a quarterly basis.
 Secondly, the board declared a 10 percent stock dividend payable on July 21, 1993, to all shareholders of record at the close of business on June 30, 1993, the date of record. Cash will be paid in lieu of the issuance of fractional shares based on the closing sales price on the date of record.
 Frontier is an underwriter and creator of specialty insurance products serving the needs of insureds in niche markets.
 -0- 6/11/93
 /CONTACT: Linda Markovits of Frontier Insurance Group, Inc., 914-796-2100, ext. 521/
 (FTR)


CO: Frontier Insurance Group, Inc. ST: New York IN: INS SU: DIV

CK-TS -- NY032 -- 1047 06/11/93 11:39 EST
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Publication:PR Newswire
Date:Jun 11, 1993
Words:207
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