Market Overview

FBL Financial Group Increases Quarterly Cash Dividend and Declares Special Cash Dividend

Share:

FBL Financial Group, Inc. (NYSE:FFG) today announces a 4.3%
increase in its quarterly cash dividend to $0.48 per share and a special
cash dividend of $1.50 per share.

"FBL Financial Group has a strong financial foundation and our business
continues to generate excess capital," said James P. Brannen, Chief
Executive Officer of FBL Financial Group, Inc. "We are committed to
returning cash to shareholders as demonstrated by the payment of this
special cash dividend and increasing our regular quarterly dividend."

Quarterly Dividend Increase to $0.48 Per Share. FBL Financial
Group's Board of Directors has declared a quarterly cash dividend of
$0.48 per share, payable on March 29, 2019 to Class A and Class B common
stockholders of record as of March 15, 2019. This represents a 4.3%
increase from the prior quarterly dividend of $0.46 per share paid in
December 2018, and reflects an annual indicated dividend rate of $1.92
per share. Based on this dividend rate, FBL Financial Group's indicated
dividend yield is currently 2.8 percent.

Special Cash Dividend of $1.50 Per Share. FBL Financial Group's
Board of Directors has declared a special cash dividend of $1.50 per
share, payable on March 29, 2019 to Class A and Class B common
stockholders of record as of March 15, 2019. The total amount of the
special cash dividend payment is estimated to be approximately $37
million.

FBL Financial Group is a holding company whose purpose is to protect
livelihoods and futures. Operating under the consumer brand name Farm
Bureau Financial Services, it offers a broad range of life insurance and
annuity products distributed by multiline exclusive Farm Bureau agents.
In addition, FBL Financial Group manages all aspects of two Farm Bureau
affiliated property-casualty insurance companies for a management fee.
Headquartered in West Des Moines, Iowa, FBL Financial Group is traded on
the New York Stock Exchange under the symbol FFG. For more information,
please visit www.fblfinancial.com
and www.fbfs.com.

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com