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AMERICAN FINANCIAL CORPORATION DECLARES DIVIDEND

       AMERICAN FINANCIAL CORPORATION DECLARES DIVIDEND
    CINCINNATI, Nov. 5 /PRNewswire/ -- American Financial Corporation ("AFC") announced that the company's board of directors has declared semi-annual dividends of $.50 per share on its Series D and Series E Preferred Stock, and $.90 per share on its Series F Preferred Stock. The dividends are payable on Dec. 3, to holders of record on Nov. 15.
    AFC said that there are 14.6 million of these preferred shares outstanding, and that the $12.4 million dividend will be paid to approximately 6,800 preferred shareholders.
    AFC is a Cincinnati-based holding company with financial subsidiaries engaged in property and casualty insurance, annuity programs, savings and loan activities and portfolio investing.  In nonfinancial areas, subsidiaries are engaged in manufacturing, defense, energy and television entertainment.  AFC also owns a significant portion of the voting equity securities of several publicly owned companies.
    -0-                      11/5/91
    /CONTACT: Sandra W. Heimann of American Financial Corporation, 513-579-2121/ CO:  American Financial Corporation ST:  Ohio IN:  FIN SU:  DIV LC -- CL020 -- 1378 11/05/91 15:56 EST
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Publication:PR Newswire
Date:Nov 5, 1991
Words:175
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