Amadeusz Juskowiak

Torchmark tmk authorizes stock repurchase

Torchmark Corp said its board authorized the purchase from time to time of a significant portion of its 734 pct convertible subordinated debentures As of February 25 it said there were outstanding 150 mln dlrs of the principal amount of debenures

The company also said it plans to redeem the debentures on June eight

It also declared a regular quarterly dividend of 25 cts per share on its common payable May one to shareholders of record April 10

Reuter