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FRONTIER INSURANCE GROUP ANNOUNCES STOCK AND CASH DIVIDENDS

 FRONTIER INSURANCE GROUP ANNOUNCES STOCK AND CASH DIVIDENDS
 MONTICELLO, N.Y., May 15 /PRNewswire/ -- Frontier Insurance Group, Inc. ("the company") (NYSE: FTR) today announced that on May 14, 1992 its board of directors ("the board") declared two dividends. First, the board declared a 5 percent stock dividend payable on July 21, 1992 to all shareholders of record at the close of business on June 30, 1992. Cash will be paid in lieu of the issuance of fractional shares based on the closing sales price on the date of record. Secondly, the board declared a cash dividend of $0.15 per share payable on July 21, 1992 to all shareholders of record at the close of business on June 30, 1992. This is the second cash dividend declared by the board, and the company indicated that it is the intention of the board to consider the declaration of cash dividends on a quarterly basis.
 Frontier is an underwriter and creator of specialty insurance products serving the needs of insureds in niche markets.
 -0- 5/15/92
 /CONTACT: Walter A. Rhulen of Frontier Insurance Group, 914-796-2100, Ext. 501/
 (FTR) CO: Frontier Insurance Group Inc. ST: New York IN: INS SU: DIV


SH-DB -- NY045 -- 0687 05/15/92 11:08 EDT
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Publication:PR Newswire
Date:May 15, 1992
Words:208
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