Protective Elects Directors and Declares Quarterly Dividend Increase after Annual Share Owners' Meeting
May 07 2007 - 6:15PM
Business Wire
The share owners of Protective Life Corporation (NYSE: PL) held
their annual meeting today and elected the following twelve
directors: H. Corbin Day, James S. M. French, Thomas L. Hamby, John
D. Johns, Vanessa Leonard, Charles D. McCrary, John J. McMahon,
Jr., Malcolm Portera, C. Dowd Ritter, William A. Terry, W. Michael
Warren, Jr. and Vanessa Wilson. Immediately following the share
owners� meeting, the Board of Directors met and declared a
quarterly dividend of $0.225 per share, representing a 4.7%
increase over the previous quarterly dividend. The Corporation�s
Board of Directors declared the quarterly dividend to be paid June
1, 2007, to share owners of record at the close of business on May
18, 2007. The Board of Directors also reauthorized a plan under
which the Company may, from time to time, repurchase up to $100
million of its common stock and/or debt securities. Protective Life
Corporation provides financial services through the production,
distribution and administration of insurance and investment
products throughout the United States. It has annual revenues of
approximately $2.7 billion and as of December�31, 2006 had assets
of approximately $39.8 billion.
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