Navigation Links
Torchmark Corporation Declares Dividend and Resumes Stock Repurchases
Date:3/1/2010

MCKINNEY, Texas, March 1 /PRNewswire-FirstCall/ -- Torchmark Corporation (NYSE: TMK) announced that its Board of Directors has declared a quarterly dividend of $.15 per share on all of the outstanding common stock of the Company held of record as of the close of business of the Company's transfer agent on April 2, 2010.  The dividend will be paid on April 30, 2010.

Torchmark also announced that its Board of Directors has authorized resumption of the Company's common stock repurchase program, which was suspended in the first quarter of 2009 in light of economic conditions at that time.  With the improvement in the Company's capital position, including a higher than anticipated 355% consolidated risk based capital ratio in its subsidiaries, the Board of Directors concurred with management's recommendation that common stock be repurchased in amounts and at such times as management, in consultation with the Board, determines to be in the best interest of the Company.  This repurchase program has no defined expiration date or maximum amount of shares to be repurchased.

Torchmark Corporation is a holding company specializing in life and supplemental health insurance for "middle income" Americans marketed through multiple distribution channels including direct response, and exclusive and independent agencies.  Torchmark has several nationally recognized insurance subsidiaries.  Globe Life And Accident is a direct-response provider of life insurance known for its administrative efficiencies.  American Income Life provides individual life insurance to labor union members.  Liberty National Life is one of the oldest traditional life insurers in the Southeast.  United American is a consumer-oriented provider of supplemental life and health insurance.  

SOURCE Torchmark Corporation

Back to top

RELATED LINKS
http://www.torchmarkcorp.com

'/>"/>

SOURCE Torchmark Corporation
Copyright©2010 PR Newswire.
All rights reserved

Related medicine news :

1. Torchmark Corporation Announces Change in Domicile State of Insurance Subsidiaries to Nebraska
2. Torchmark Corporation Announces Fourth Quarter 2007 Earnings Release and Conference Call
3. Torchmark Corporation to Present at Merrill Lynch Insurance Investors Conference
4. Torchmark Corporation Reports First Quarter 2008 Results
5. Torchmark Corporation Declares Dividend
6. Torchmark Corporation Declares Dividend
7. Torchmark Corporation Announces Fourth Quarter 2008 Earnings Release and Conference Call
8. Torchmark Corporation to Present at Merrill Lynch Insurance Investors Conference
9. Torchmark Corporation Reports First Quarter 2009 Results
10. Torchmark Prices Senior Notes Offering
11. Torchmark Corporation Elects New Director
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/27/2016)... ... June 27, 2016 , ... ... announced today its affiliation with Tennessee Counseling Association. This new relationship ... of the Tennessee Counseling Association, adding exclusive benefits and promotional offers. , "TCA ...
(Date:6/26/2016)... ... , ... Quality metrics are proliferating in cancer care, and are derived from ... of the beholder, according to experts who offered insights and commentary in the current ... For the full issue, click here . , For the American Society of ...
(Date:6/26/2016)... Charlotte, NC (PRWEB) , ... June 26, 2016 , ... Brent Kasmer, a legally blind ... able to be personalized through a fitness app. The fitness app plans to fix the ... solutions currently only offer a one size fits all type program , They ...
(Date:6/25/2016)... ... June 25, 2016 , ... The temporary closing of Bruton Memorial Library on June 21 ... brings up a new, often overlooked aspect of head lice: the parasite’s ability to live ... not a common occurrence, but a necessary one in the event that lice have simply ...
(Date:6/25/2016)... ... June 25, 2016 , ... Dr. Calvin Johnson has ... he has implemented orthobiologic procedures as a method for treating his patients. The ... first doctors to perform the treatment. Orthobiologics are substances that orthopaedic surgeons use ...
Breaking Medicine News(10 mins):
(Date:6/26/2016)... , June 26, 2016 One of Australia,s ... announced the formation of a new biotechnology company, Noxopharm Limited [ABN ... in an IPO and to list on the ASX. ... NOX66, ready to enter a Phase 1 clinical study later this ... to address one of the biggest problems facing cancer patients - ...
(Date:6/26/2016)... DUBLIN , June 27, 2016 Jazz ... the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act ... proposed acquisition of Celator Pharmaceuticals, Inc. ("Celator"; Nasdaq: ... 11:59 p.m. (Eastern Daylight Time). As previously ... entered into a definitive merger agreement under which Jazz ...
(Date:6/26/2016)... 27, 2016  VMS Rehab Systems, Inc. ( www.vmsrehabsystemsinc.com ... whatever measures required to build a strong and stable ... currently listed on the OTC Markets-pink current trading platform. ... CEO, "We are seeing an anomaly in market trading ... only by the Company, but shareholders and market players ...
Breaking Medicine Technology: