HOUSTON, April 24 /PRNewswire/ -- The Board of Directors of American
General Corporation (NYSE: AGC) today declared a regular quarterly cash
dividend of $.35 per common share. This represents the 274th 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, 1997 to
holders of record as of May 5, 1997.
American General Corporation is one of the nation's largest diversified
financial services organizations with assets of $67 billion and shareholders'
equity of $5.2 billion. Headquartered in Houston, it is a leading provider of
retirement services, life insurance, and consumer loans to over nine million
customers. American General common stock is listed on the New York, Pacific,
London, and Swiss stock exchanges.
SOURCE American General Company
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CONTACT:
Robert D. Mrlik, Vice President-Investor
Relations, 713-831-1137, or John E. Pluhowski, Director-Corporate
Communications, 713-831-1149, both of American General
Corporation
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