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KENTUCKY CENTRAL LIFE INSURANCE COMPANY DECLARES DIVIDEND, ANNOUNCES PLAN TO REPURCHASE STOCK

 KENTUCKY CENTRAL LIFE INSURANCE COMPANY DECLARES
 DIVIDEND, ANNOUNCES PLAN TO REPURCHASE STOCK
 LEXINGTON, Ky., Jan. 6 /PRNewswire/ -- Kentucky Central Life Insurance Company (NASDAQ: KENCA) has declared a quarterly cash dividend of 11 cents per share, payable January 22 to shareholders of record of January 16.
 The indicated annual dividend rate of 44 cents per share represents an increase of 10 percent over the previous indicated annual rate of 40 cents per share.
 This is the 74th year in which Kentucky Central has paid cash dividends.
 The company also announced plans to repurchase up to 500,000 more shares of its Class A non-voting common stock in the open market, to be used for general corporate purposes.
 An initial program to repurchase 500,000 shares of stock was announced in January 1991, and is nearing completion.
 -0- 1/6/92
 /CONTACT: Brent A. Clay, Vice President, Kentucky Central Life Insurance Company, 606-253-5271/
 (KENCA) CO: Kentucky Central Life Insurance Company ST: Kentucky IN: INS SU: DIV


DF -- CH003 -- 6849 01/06/92 11:11 EST
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Publication:PR Newswire
Date:Jan 6, 1992
Words:173
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