MCKINNEY, Texas, Aug. 9, 2012 /PRNewswire/ --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 October 5, 2012. The dividend will be paid on November 1, 2012.
Torchmark also announced that Co-CEOs Gary Coleman and Larry Hutchison have been elected to Torchmark's Board of Directors effective August 1, 2012. Coleman and Hutchison, who were appointed as Co-CEOs effective June 1, 2012, will stand for re-election along with all other Torchmark directors, at the annual shareholders' meeting on April 25, 2013.
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 working families. 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