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TORCHMARK DECLARES STOCK AND CASH DIVIDENDS

 TORCHMARK DECLARES STOCK AND CASH DIVIDENDS
 BIRMINGHAM, Ala., July 23 /PRNewswire/ -- Torchmark Corporation


(NYSE: TMK) announced that its board of directors today declared a 50 percent stock dividend (3-for-2) on all the company's outstanding common stock.
 The record date for the stock dividend will be the close of business on Aug. 5. On Aug. 19, the payment date, holders of Torchmark common stock as of the record date will receive one additional share of stock for each two shares held. Cash will be paid in lieu of fractional shares.
 The board of directors also declared quarterly cash dividends on the company's common stock and Adjustable Rate Cumulative Preferred Stock, Series A, payable on Oct. 30 to shareholders of record as of the close of business on Oct. 16. The common dividend, which will be paid on all issued and outstanding shares including those shares issued in the stock dividend, will be $.2667 per share. The preferred dividend will be payable at a rate of 7 percent or $1.75 per share.
 -0- 7/23/92
 /CONTACT: William T. Graves, 205-325-4251, or Lee Bartlett, 205-325-4204, both of Torchmark Corporation/
 (TMK) CO: Torchmark Corporation ST: Alabama IN: INS SU: DIV


BR-EA -- AT015 -- 2641 07/23/92 14:45 EDT
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Publication:PR Newswire
Date:Jul 23, 1992
Words:207
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