NIAGARA EXCHANGE PAYOUT

Name: The Buffalo News
Address: 1 News Plaza, Buffalo, NY, NY, 14203
Telephone: +1-800-777-8640

By Staff | Published Sat, May 27, 1989

Niagara Exchange Corp. has declared a 10 percent stock dividend payable May 31 to holders of record May 19. Since the current quarterly dividend of 8 cents per share will be continued, the stock dividend in effect increases the cash dividend by 10 percent, said the Buffalo-based property-casualty insurance holding company.