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THE MIDLAND COMPANY DIVIDEND ANNOUNCEMENT

 CINCINNATI, March 4 /PRNewswire/ -- The board of directors of The Midland Company (AMEX: MLA), at a meeting held this date, approved an increase in its annualized dividend from $.50 per common share to $.54 per common share. The first quarterly dividend of $.135 per common share will be payable on April 9, 1993 to shareholders of record on March 16, 1993. This marks the seventh consecutive year that Midland's board of directors has increased its common dividend.
 The board of directors selected March 4, 1993 as date of record for notice to shareholders of the annual meeting to be held April 8, 1993.
 As previously announced, the company will continue to purchase on the open market, from time to time, shares of its common stock at market price.
 Midland, which is headquartered in Cincinnati, is engaged in insurance and finance operations, the transportation of bulk commodities on the inland waterways, and the imprinted sportswear business.
 -0- 3/4/93
 /CONTACT: Michael J. Conaton, president; or John I. Von Lehman, vice president, both of the Midland Company, 513-721-3777/
 (MLA)


CO: The Midland Company ST: Ohio IN: INS TRN SU: DIV

LC -- CL017 -- 3011 03/04/93 12:48 EST
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Publication:PR Newswire
Date:Mar 4, 1993
Words:198
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