CHICAGO, Nov. 2 /PRNewswire/ -- EVEREN Capital Corporation (NYSE: EVR)
announced today that its board of directors voted to declare a dividend of
$0.07 per share on all outstanding shares of the corporation's common stock.
The fourth quarter cash dividend is payable on December 15, 1998, to
stockholders of record at the close of business on December 1, 1998.
Currently, there are approximately 34.8 million shares of EVEREN Capital
common stock outstanding.
The transfer agent and dividend paying agent for EVEREN's common stock is
Harris Trust and Savings Bank.
EVEREN Capital Corporation (NYSE: EVR) is the fifth largest publicly
traded majority employee-owned company in the U.S. Its principal subsidiary,
EVEREN Securities, Inc., ranks among the 10 largest national full-service
brokerage firms and serves individual, corporate, municipal and institutional
clients through an integrated network of approximately 1,730 investment
consultants in 170 offices.
The company combines the capital markets resources of a large national
organization with the personalized service and dedication of a smaller firm.
Currently, EVEREN holds approximately $57 billion of client assets in more
than 615,000 active client accounts. Another EVEREN subsidiary, EVEREN
Clearing LLC, provides execution and clearing services for EVEREN Securities
and other broker-dealers. An 80-percent interest in this unit is expected to
be transferred to The Bank of New York in the 1998 fourth quarter. EVEREN
Securities, Inc. and EVEREN Clearing LLC are members of the Securities
Investor Protection Corporation, the New York Stock Exchange and other
principal exchanges. For more information, visit the company's web site at
http://www.everensec.com.
SOURCE EVEREN Capital Corporation
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Related links:
http://www.everensec.com
Company News On-Call:
http://www.prnewswire.com/comp/121760.html or fax,
800-758-5804, ext. 121760
CONTACT:
Wilson Medina, 312-574-5152, or Elise G.
Powell, 312-574-5229, both of EVEREN Capital Corporation
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