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CAPITAL HOLDING BOARD OF DIRECTORS DECLARES QUARTERLY DIVIDEND

 CAPITAL HOLDING BOARD OF DIRECTORS DECLARES QUARTERLY DIVIDEND
 LOUISVILLE, Ky., Aug. 5 /PRNewswire/ -- The board of directors of Capital Holding Corporation (NYSE: CPH) today declared a quarterly dividend of 33 cents per share of outstanding common stock. The dividend will be payable September 15 to shareholders of record on September 1, 1992.
 A per share dividend of $1.6875 for Capital Holding's adjustable- rate series F preferred stock will be payable on October 15 to shareholders of record on September 30, 1992. The rate, which was previously announced, represents an annualized yield of 6.75 percent.
 The board also declared a quarterly dividend of $1.00 per share of outstanding stock for the company's non-cumulative, convertible, junior preferred stock, series J. The dividend will be payable on September 15 to shareholders of record on September 1, 1992.
 Capital Holding is one of the nation's largest shareholder-owned life insurance organizations with $19.6 billion in assets and $55.9 billion of life insurance coverage in force.
 The corporation offers a broad range of financial services and products through agents, direct-marketing media, investment professionals and retail locations. Its common stock is listed on the New York and Pacific Stock Exchanges under the ticker symbol CPH; its preferred stock is listed on the New York Stock Exchange under the symbol CPHF.
 -0- 8/5/92
 /CONTACT: Michael A. Bateman, 502-560-2723, or Bonnie Otto, 502-560-3019, both of Capital Holding Corporation/
 (CPH) CO: Capital Holding Corporation ST: Kentucky IN: INS SU: DIV


CM -- CH005 -- 7227 08/05/92 15:57 EDT
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Publication:PR Newswire
Date:Aug 5, 1992
Words:256
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