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FBL Financial's board OKs special dividend, share repurchase plan

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FBL Financial's board OKs special dividend, share repurchase plan

FBL Financial Group Inc. announced an increase to its quarterly dividend to 46 cents per share from 44 cents per share and its board declared a $1.50 per share special dividend.

The quarterly and special dividends are payable March 29 to class A and class B stockholders of record as of March 15.

The board also authorized the repurchase of up to $50 million of class A common shares. The program will commence upon the completion of the current $50 million repurchase program or its expiration March 31, whichever is earlier.