Printer Friendly

TORCHMARK DECLARES DIVIDENDS, INCREASES COMMON DIVIDEND RATE AND ANNOUNCES POSSIBLE PUBLIC OFFERING OF LIBERTY NATIONAL FIRE INSURANCE GROUP

 BIRMINGHAM, Ala., July 23 /PRNewswire/ -- Torchmark Corporation (NYSE: TMK) announced today that its board of directors at its July 22 meeting declared a dividend of $.28 per share on the company's common stock payable Nov. 1 to shareholders of record on Oct. 8.
 The $.28 per share dividend represents a 5 percent increase in the regular quarterly dividend rate.
 The board also declared a quarterly dividend on the company's Adjustable Rate Cumulative Preferred Stock, Series A. The preferred dividend of $1.75 per share is payable Nov. 1 to shareholders of record Oct. 8.
 Torchmark further announced that it is considering a public offering of shares of common stock of its wholly-owned subsidiary, Vesta Insurance Group, Inc. Vesta was recently formed to be the holding company for the Liberty National Fire Insurance Group. Torchmark anticipates that it may sell up to 75 percent of its interest in the Liberty National Fire Insurance Group pursuant to such possible offering. Any public offering of the shares of Vesta Insurance Group, Inc. will be made only by means of a prospectus.
 -0- 7/23/93
 /CONTACT: William T. Graves, 205-325-4251, or Lee Bartlett, 205-325-4202, both of Torchmark Corporation/
 (TMK)


CO: Torchmark Corporation; Vesta Insurance Group, Inc.; Liberty
 National Fire Insurance Group ST: Alabama IN: INS SU: DIV


RA-TG -- AT010 -- 5245 07/23/93 15:04 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 23, 1993
Words:223
Previous Article:MAIN ST. & MAIN INC. ANNOUNCES ACQUISITION OF COLORADO FROZEN SPECIALTIES INC.
Next Article:COLLINS & AIKMAN GROUP, INC. ANNOUNCES DIVIDEND
Topics:


Related Articles
TORCHMARK INCREASES DIVIDEND RATE AND DECLARES DIVIDEND
Torchmark Increases Dividend Rate and Declares 4th Quarter Dividend
Torchmark Declares Dividend.
Torchmark Declares Dividend.
Torchmark Corporation Declares Dividend.
Torchmark Corporation Declares Dividend.
Torchmark Corporation Declares Dividend.
Torchmark Corporation Declares Dividend.
Torchmark Corporation Declares Dividend.
Torchmark Corporation Declares Dividend.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters