Special Cash Dividend Declared by Atlantic American
ATLANTA, Dec. 4, 2012 (GLOBE NEWSWIRE) -- Atlantic American Corporation
(Nasdaq:AAME) today announced that its board of directors has declared a
special cash dividend of $0.05 per share that will be payable on or about
December 27, 2012, to shareholders of record as of December 14, 2012. This
special dividend is in addition to and does not impact any future regular
"This special dividend reflects the continued success of our Company as well
as our sound and highly liquid balance sheet, while preserving the financial
and operational flexibility to grow our business.It further demonstrates our
commitment to our shareholders and to enhancing shareholder value,
particularly given the uncertainty in Washington and the future tax rates
which may be applicable to any similar payments.The special dividend will
allow Atlantic American to return approximately $1 million to shareholders,"
said Hilton H. Howell, Jr., chairman, president and chief executive officer.
Atlantic American is an insurance holding company involved through its
subsidiary companies in specialty markets of the life, health, and property
and casualty insurance industries.Its principal subsidiaries consist of
American Southern Insurance Company, American Safety Insurance Company, and
Bankers Fidelity Life Insurance Company.
Note regarding Private Securities Litigation Reform Act:Except for historical
information contained herein, this press release contains forward-looking
statements that involve a number of risks and uncertainties.Actual results
could differ materially from those indicated by such forward-looking
statements due to a number of factors and risks detailed from time to time in
statements and reports that Atlantic American Corporation files with the
Securities and Exchange Commission.
CONTACT: John G. Sample, Jr.
Senior Vice President and Chief Financial Officer
Atlantic American Corporation
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