ATLANTA, Oct. 30, 2014 (GLOBE NEWSWIRE) -- Atlantic American Corporation (Nasdaq:AAME) today announced that its board of directors has declared a special dividend of $0.02 per share that will be payable on or about December 5, 2014, to shareholders of record as of November 14, 2014. This special dividend is in addition to and does not impact any future regular dividends.
"This special dividend reflects the confidence we have in the continued success of our Company. During 2014, we have made various investments in our products and our people and we believe it not only appropriate but also responsible to recognize our commitment to our shareholders as well," 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, Bankers Fidelity Life Insurance Company and Bankers Fidelity Assurance 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.