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JEFFERSON-PILOT APPROVES THREE-FOR-TWO STOCK SPLIT

 JEFFERSON-PILOT APPROVES THREE-FOR-TWO STOCK SPLIT
 GREENSBORO, N.C., Feb. 10 /PRNewswire/ -- Jefferson-Pilot


p?oration's (NYSE: JP) Board of Directors today approved a three- for-two stock split, to be effected in the form of a 50 percent share dividend, and raised the per-share cash dividend rate by 21.4 percent effective with the dividend payable June 5, 1992 to shareholders of record May 15, 1992. The new dividend rate on the post-split stock will be $0.34 per share, compared to the current split-adjusted dividend of $0.28 per share.
 W. Roger Soles, Chairman of Jefferson-Pilot Corporation, stated, "The increased dividend reflects Jefferson-Pilot's excellent performance over the past year, as well as our prospects for the future. Our 1991 earnings per share were at a record level, up 16.6 percent over earnings in 1990. Our per-share dividend growth has been in excess of 11 percent over a period of 20 years, and we have raised our dividend every year over the last 24 years. In addition, the stock split reflects the strong gain in Jefferson-Pilot's stock price since our last stock split in 1986."
 The stock dividend will be payable on April 15, 1992 to shareholders of record March 27, 1992. Only the pre-split shares will be entitled to vote at this year's annual meeting.
 -0- 2/10/92
 /CONTACT: John Still, Jefferson-Pilot Corporation, 919-691-3382/
 (JP) CO: Jefferson-Pilot Corporation ST: North Carolina IN: INS TLS SU:


DF -- CH003 -- 3591 02/10/92 12:09 EST
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Publication:PR Newswire
Date:Feb 10, 1992
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