HOUSTON, Oct. 24 /PRNewswire/ -- The Board of Directors of American
General Corporation (NYSE: AGC) today declared a regular quarterly cash
dividend of $.325 per common share. This represents the 272nd 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 percent mandatorily
convertible preferred stock.
Both the common and preferred dividends are payable Dec. 1, 1996 to
holders of record as of Nov. 5, 1996.
American General Corporation is one of the nation's largest diversified
financial services organizations with assets of $64 billion and shareholders'
equity of $5.4 billion. Headquartered in Houston, it is a leading provider of
retirement annuities, consumer loans, and life insurance to over eight million
households. American General common stock is listed on the New York, Pacific,
London, and Swiss stock exchanges.
NOTE: News on American General can be sent direct to your fax machine at
no charge through PR Newswire's "Company News On-Call" service by calling
800-758-5804, ext. 114643.
SOURCE American General Corporation
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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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