HOUSTON, Nov. 6 /PRNewswire/ -- The Board of Directors of American General
(NYSE: AGC) today declared a regular quarterly cash dividend of $.375 per
common share. This represents the 280th 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 December 1, 1998 to
holders of record as of November 16, 1998.
American General Financial Group is one of the nation's largest
diversified financial services organizations, with assets of $102 billion and
market capitalization of $18 billion. Headquartered in Houston, it is a
leading provider of retirement services, life insurance, and consumer loans to
over 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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http://www.agc.com
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CONTACT:
investors, David W. Entrekin, Vice President
- Investor Relations, 212-446-3109, or media, John E. Pluhowski,
Director - Corporate Communications, 713-831-1149, both of
American General Corporation
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