CHICAGO, Nov. 11 /PRNewswire/ -- EVEREN Capital Corporation (NYSE: EVR)
announced today that its board of directors voted to increase the dividend on
all outstanding shares of the corporation's common stock to $0.11 per share
from $0.09 per share. The quarterly cash dividend is payable on Dec. 17,
1997, to stockholders of record at the close of business on Dec. 3, 1997. The
dividend will be paid on approximately 17.1 million outstanding shares of
EVEREN Capital common stock.
The transfer agent and dividend paying agent for EVEREN's common stock is
Harris Trust and Savings Bank.
Headquartered in Chicago, EVEREN Capital Corporation is among the largest
employee-owned companies in the nation. EVEREN Capital is the parent company
of EVEREN Securities, Inc., a national full-service brokerage firm with
approximately 135 offices in 27 states, and EVEREN Clearing Corp., which
provides securities execution and clearing services and commodities clearing
services for EVEREN Securities and other broker-dealers. EVEREN Securities
and EVEREN Clearing are members of the Securities Investor Protection
Corporation and the New York Stock Exchange.
SOURCE EVEREN Capital Corporation
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CONTACT: Edgar P. McDougal, 312-574-5791, or Caron Schreiber, 312-574-5724, both of EVEREN Capital Corporation
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