HOUSTON, April 30 /PRNewswire/ -- The Board of Directors of American
General Corporation (NYSE: AGC) today declared a regular quarterly cash
dividend of $.375 per common share. This represents the 278th consecutive
quarterly common dividend paid since 1929.
American General's Board of Directors also declared a regular quarterly
cash dividend of $.6433 per share on the company's 7% mandatorily convertible
preferred stock.
Both the common and preferred dividends are payable June 1, 1998 to
holders of record as of May 11, 1998.
American General Corporation is one of the nation's largest diversified
financial services organizations with assets of $96 billion and market
capitalization of $18 billion. Headquartered in Houston, it is a leading
provider of retirement services, life insurance, and consumer loans to
12 million customers. American General common stock is listed on the New
York, Pacific, London, and Swiss stock exchanges.
SOURCE American General Corporation
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CONTACT:
Media: John E. Pluhowski, Director-Corporate
Communications, 713-831-1149, or Investors: David W. Entrekin,
Vice President-Investor Relations, 212-446-3109, both of American
General Corporation
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