Independence Holding (IHC) Raises Annual Dividend 40% and Announces Special 10% Stock Dividend

Independence Holding Company (NYSE: IHC) today reported a special 10% stock dividend payable to shareholders of record on February 17, 2012 with a distribution date of March 5, 2012. Fractional shares will be paid in cash in lieu of stock. IHC also announced that it will increase its annual dividend from $.05 to $.07 per share. The first semi-annual dividend of $.035 per share will be payable in July, 2012.

Roy Thung, Chief Executive Officer, commented, "After considering IHC's strong financial position, which improved despite the global economic crisis, and management's continued optimism as to the Company's future prospects, including as a result of its expanded strategies and increase in earnings related to medical stop-loss, the Board of Directors has enhanced the cash dividend from $.05 to $.07 per share annually. This is effectively a 54% increase after taking into consideration the special stock dividend. This stock dividend should improve market liquidity, thereby broadening our investor base and enhancing shareholder value."

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
• ICICI Securities Resumes Dalmia Bharat Ltd (DALBHARA:IN) at Add (2)
• Is the global equity rally broadening? UBS weighs in