Board of Directors of Primerica, Inc. Declares $0.19 Quarterly Dividend
Quarterly Dividend Increased $0.01 from $0.18 Paid in the Prior Quarter
DULUTH, Ga.--(BUSINESS WIRE)-- The Board of Directors of Primerica, Inc. (NYSE:PRI), a leading distributor of financial products to middle income households in North America, today approved payment of a quarterly dividend of $0.19 per share for the fourth quarter of 2016, which reflects an increase of $0.01 per share over the previous dividend. The dividend will be payable on March 17, 2017 to stockholders of record as of February 20, 2017.
“2016 was another outstanding year for Primerica. We achieved strong distribution growth and returned a significant portion of operating earnings to stockholders through stock repurchases,” said CEO Glenn Williams. “Today’s dividend increase reinforces our ongoing commitment to delivering value to our stockholders.”
About Primerica, Inc.
Primerica, Inc., headquartered in Duluth, GA, is a leading distributor of financial products to middle income households in North America. Primerica representatives educate their Main Street clients about how to better prepare for a more secure financial future by assessing their needs and providing appropriate solutions through term life insurance, which we underwrite, and mutual funds, annuities and other financial products, which we distribute primarily on behalf of third parties. In addition, Primerica provides an entrepreneurial full or part-time business opportunity for individuals seeking to earn income by distributing the company’s financial products. We insured approximately 5 million lives and have over 2 million client investment accounts at December 31, 2016. Primerica stock is included in the S&P MidCap 400 and the Russell 2000 stock indices and is traded on The New York Stock Exchange under the symbol “PRI”.
Source: Primerica, Inc.