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PRIMERICA DECLARES 4-FOR-3 STOCK SPLIT; RAISES QUARTERLY COMMON DIVIDEND 4 PERCENT TO 16-2/3 CENTS PER SHARE PRE-SPLIT

 NEW YORK, July 28 /PRNewswire/ -- The board of directors of Primerica Corporation (NYSE: PA) today declared a 4-for-3 split in the company's common stock, in the form of a 33-1/3 percent stock dividend, payable on Aug. 27, 1993 to shareholders of record on Aug. 9, 1993. The board also voted to raise the quarterly dividend on the company's common stock to 16-2/3 cents per share on a pre-split basis, which would equate to 12-1/2 cents per share following the split. This represents a 4 percent increase in the dividend rate. The third quarter dividend is payable Aug. 27, 1993 to shareholders of record on Aug. 9, 1993.
 This is the second stock split and quarterly dividend increase declared by Primerica this year. In February, the board of directors declared a 3-for-2 stock split and raised the common dividend 20 percent. Both splits combined are the equivalent of a 2-for-l stock split, while the two quarterly common dividend increases equate to a total rise of 25 percent since the beginning of the year. Primerica's common dividend has been increased in each of the last seven consecutive years.
 In addition, the Board today declared a quarterly dividend on its Series A Preferred Stock, payable Sept. l, 1993 to holders of record on Aug. 16, 1993. Holders of depository receipts, each representing l/10th of a full preferred share, will be paid $0.507813 for each depository receipt held.
 Primerica Corporation is a diversified financial services company principally engaged in investment banking and securities brokerage, mutual funds and asset management, consumer lending, and life, accident & health and property & casualty insurance.
 -0- 7/28/93
 /CONTACT: Mary McDermott, 212-891-8870, or Barbara Yastine, 212-891-8872, both of Primerica/
 (PA)


CO: Primerica Corporation ST: New York IN: FIN SU: DIV

SH -- NY088 -- 6825 07/28/93 14:52 EDT
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Publication:PR Newswire
Date:Jul 28, 1993
Words:305
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