Primerica, Inc. Increases Quarterly Dividend by 18 Percent

Rhea-AI Summary

Primerica, Inc. (NYSE:PRI) has announced an 18% increase in stockholder dividends to $0.65 per share. This dividend will be payable on March 14, 2023, to stockholders of record on February 21, 2023. CEO Glenn Williams expressed satisfaction with the company's ongoing cash generation, which has enabled yearly dividend increases since its IPO in April 2010. Primerica, headquartered in Duluth, GA, provides financial services to middle-income households, offering term life insurance and investment products.

Positive

• 18% increase in dividends to $0.65 per share enhances shareholder returns.
• Consistent annual dividend increases since IPO in April 2010 demonstrate strong cash generation.

Negative

• None.

DULUTH, Ga.--(BUSINESS WIRE)-- Primerica, Inc. (NYSE:PRI) announced today that the Board of Directors has approved an 18% increase in stockholder dividends to $0.65 per share. The dividend is payable on March 14, 2023, to stockholders of record on February 21, 2023.

Glenn Williams, Chief Executive Officer said, “Our Board of Directors is pleased with Primerica’s continued strong cash generation, which has supported an increase in the dividend every year since our IPO in April 2010 and has allowed us to continue enhancing stockholder returns.”

About Primerica, Inc.

Primerica, Inc., headquartered in Duluth, GA, is a leading provider of financial services to middle-income households in North America. Independent licensed representatives educate Primerica clients about how to better prepare for a more secure financial future by assessing their needs and providing appropriate solutions through term life insurance, which we underwrite, and mutual funds, annuities and other financial products, which we distribute primarily on behalf of third parties. We insured over 5.7 million lives and had over 2.7 million client investment accounts on December 31, 2021. Primerica, through its insurance company subsidiaries, was the #2 issuer of Term Life insurance coverage in the United States and Canada in 2021. Primerica stock is included in the S&P MidCap 400 and the Russell 1000 stock indices and is traded on The New York Stock Exchange under the symbol “PRI”.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230207005852/en/

Investor Contact:

Nicole Russell

470-564-6663

Email: Nicole.Russell@primerica.com

Media Contact:

Susan Chana

404-229-8302

Email: susan.chana@primerica.com

Source: Primerica, Inc.

FAQ

What is the new dividend amount for Primerica (PRI)?

The new dividend amount for Primerica (PRI) is $0.65 per share.

When will the dividend be paid for Primerica (PRI)?

The dividend will be paid on March 14, 2023.

What date is the record date for Primerica's dividend payment?

The record date for Primerica's dividend payment is February 21, 2023.

How much has Primerica increased its dividend by?

Primerica has increased its dividend by 18%.

How long has Primerica been increasing its dividends?

Primerica has increased its dividends every year since its IPO in April 2010.