Torchmark Corporation Declares Partial Stock Split
By Torchmark Corporation, PRNEMonday, July 4, 2011
MCKINNEY, Texas, July 5, 2011 -
As previously announced on May 2, 2011, Torchmark Corporation’s
(NYSE: TMK) Board of Directors declared a 3 for 2 partial stock
split paid in the form of a 50% stock dividend on all the Company’s
outstanding common stock. The record date for the 3 for 2
stock split was the close of business on June 1, 2011 and the
broker cut-off date was June 8, 2011. On July 1, 2011, the
payment date, holders of Torchmark common stock on the record date
received one additional share of stock for each two shares held on
the record date. Cash was paid in lieu of fractional shares.
The change in stock price resulting from the split will be
reflected when the markets open on July 5, 2011.
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.
Website:
Mike Majors, Vice President, Investor Relations, +1-972-569-3627, Fax, +1-972-569-3282, tmkir at torchmarkcorp.com
Tags: July 5, Mckinney, texas, Torchmark Corporation
