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AMERICAN GENERAL ANNOUNCES TWO-FOR-ONE STOCK SPLIT AND INCREASES COMMON DIVIDEND 6 PERCENT

 HOUSTON, Feb. 4 /PRNewswire/ -- American General Corporation's (NYSE: AGC) board of directors today declared a two-for-one split in the company's common stock in the form of a 100 percent stock dividend, payable on March 1, 1993, to shareholders of record on Feb. 16, 1993. As a result of the split, shareholders of record on Feb. 16, 1993 will receive one additional share of American General common stock for each share then owned.
 The company further announced that the board declared a 6 percent increase in the quarterly cash dividend on American General common stock to $.275 per post-split share, which is also payable March 1, 1993 to holders of record on Feb. 16, 1993. The new indicated annual rate on a post-split basis is $1.10 per share. On a pre-split basis, the new dividend rate is equal to $.55 per share quarterly and $2.20 per share annually.
 The March 1, 1993 dividend will be the company's 257th consecutive quarterly dividend paid and represents the 18th consecutive annual increase in the regular dividend rate.
 American General, with assets of $40 billion and equity of $4.6 billion, is one of the nation's largest consumer financial services organizations. Headquartered in Houston, it is a leading provider of retirement annuities,consumer loans, and life insurance. American General Corporation common stock is listed on the New York, Pacific, London, and Swiss stock exchanges.
 -0- 2/4/93
 /CONTACT: James S. D'Agostino Jr., senior vice president- administration, 713-831-1224, or Robert D. Mrlik, director-investor relations, 713-831-1137, both of American General Corporation/
 (AGC)


CO: American General Corporation ST: Texas IN: FIN SU:

SH -- NY061 -- 2954 02/04/93 11:57 EST
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Publication:PR Newswire
Date:Feb 4, 1993
Words:276
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