HOUSTON, July 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 275th 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 September 1, 1997 to
holders of record as of August 4, 1997.
American General Corporation is one of the nation's largest diversified
financial services organizations with assets of $75 billion and shareholders'
equity of $6.2 billion. Headquartered in Houston, it is a leading provider of
retirement services, life insurance, and consumer loans to 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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CONTACT:
Investors: Robert D. Mrlik, Vice
President-Investor Relations, 713-831-1137; David W. Entrekin,
Director-Investor Relations, 713-831-1346; Media: John E.
Pluhowski, Director-Corporate Communications, 713-831-1149, all
of American General Corporation
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