MCKINNEY, Texas, March 7, 2013 /PRNewswire/ -- Torchmark Corporation (TMK) announced that its Board of Directors has raised the quarterly dividend to $.17 per share on all of the outstanding common stock of the Company held of record as of the close of business of the Company's transfer agent on April 5, 2013. The dividend will be paid on May 1, 2013.
Torchmark also announced that Marilyn A. Alexander, Principal of the consulting firm of Alexander and Friedman, LLC, and Wesley D. Protheroe, retired Chief Executive Officer of Gerber Life Insurance Company, were elected to its Board of Directors on February 27, 2013.
Ms. Alexander, a Certified Public Accountant, holds an undergraduate degree from Georgetown University and a M.B.A. from the Wharton Graduate School, University of Pennsylvania. She has more than 32 years of experience in finance, marketing and strategic planning at top corporations including Disneyland Resort where she was Senior Vice President and Chief Financial Officer, Walt Disney World Resort, Marriott Corporation and Towers Perrin as well as in her own consultancy practice.
Mr. Protheroe holds an undergraduate degree from Wesleyan University and a M.B.A. from Columbia University. He was named "Direct Marketer of the Year" in 2007 by the Direct Marketing Association, and brings extensive experience in brand positioning and development, marketing strategy, direct marketing and product innovation to the Board from a 34 year career at companies including Procter & Gamble, Sara Lee, Pizza Hut, Great American Insurance Personal Lines Division and Gerber Life, a subsidiary of Nestle, SA.
Torchmark Corporation is a holding company specializing in life and supplemental health insurance for "middle income" Americans marketed through multiple distribution channels including direct response, and exclusive and independent agencies. Torchmark has several nationally recognized insurance subsidiaries. Globe Life And Accident is a direct-response provider of life insurance known for its administrative efficiencies. American Income Life provides individual life insurance to working families. Liberty National Life is one of the oldest traditional life insurers in the Southeast. United American is a consumer-oriented provider of supplemental life and health insurance. Family Heritage Life provides individual supplemental health insurance.