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PRIMERICA DECLARES 3-FOR-2 STOCK SPLIT RAISES COMMON STOCK DIVIDEND TO $0.16 ON POST SPLIT BASIS, UP 20 PERCENT

 NEW YORK, Jan. 27 /PRNewswire/ -- The board of directors of Primerica Corporation (NYSE: PA) today declared a 3-for-2 split in the company's common stock, in the form of a 50 percent stock dividend, payable on February 26, 1993 to shareholders of record on Feb. 8, 1993. The board also voted to raise the quarterly dividend on the company's common stock to $0.16 per post-split share, up 20 percent from $0.20 per share prior to the stock split. The first quarter dividend is also payable February 26, 1993 to shareholders of record on Feb. 8, 1993. The company noted that this is the seventh consecutive year in which it has increased the dividend paid to common shareholders.
 Primerica also announced that the Board will recommend that shareholders approve an increase in the company's common share authorization to 500 million shares at Primerica's Annual Meeting on April 28, 1993.
 At the same time, the Board declared a quarterly dividend on the Series A Preferred Stock, issued in July 1991, to holders of record on Feb. 15, 1993, payable March 1, 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, credit, accident & health, and property & casualty insurance. As of Dec. 31, 1992, Primerica has assets of approximately $23 billion and book value of approximately $35.40 per share.
 -0- 1/27/93
 /CONTACT: Mary McDermott, 212-891-8870, or Avery Hunt, 212-891-8871, both of Primerica Corporation/
 (PA)


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

SH -- NY080 -- 9700 01/27/93 13:13 EST
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Publication:PR Newswire
Date:Jan 27, 1993
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