Torchmark Corp.'s board raised its quarterly dividend for all outstanding stock to 16 cents per share, up from 15 cents per share.
It will be paid May 1 for shares held of record as of April 3.
The company also announced the election to the board of Linda Addison, Cheryl Alston and Mary Thigpen.
Addison is immediate past managing partner and former chair of the U.S. Management Committee of Norton Rose Fulbright U.S. LLP. Alston is executive director and chief investment officer for Employees' Retirement Fund of Dallas, and Thigpen is CEO and director of OpsDataStore.
