|[January 22, 2013]
The National Security Group, Inc. Declares Cash Dividend
ELBA, Ala. --(Business Wire)--
On January 18, 2013, the Board of Directors of The National Security
Group, Inc. (NASDAQ:NSEC), declared a quarterly dividend of $0.025 per
share. This cash dividend is payable on February 28, 2013 to
shareholders of record February 4, 2013.
Along with the quarterly dividend announcement, the Board of Directors
and management of the Company released the following cautionary
statement regarding futuredividend policy: As we have disclosed
previously, due to the impact of several events that have adversely
impacted our earnings, we expect that our dividend policy will remain
necessarily flexible and will be subject to quarterly review which could
include a range of actions up to and including the suspension of
dividends. Our subsidiaries remain capitalized at levels that have not
adversely impacted our ability to operate. However, in order to rebuild
capital levels in our property and casualty subsidiary, it is necessary
that our dividend policy remain flexible.
With its home office in Elba, Alabama, The National Security Group, Inc.
is an insurance holding company. Company shares are traded on the NASDAQ
Global Market under the symbol NSEC.
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