Guardian Boosts Dividend

NEW YORK, Nov. 27 /PRNewswire/ — The Guardian Life Insurance Company of America (Guardian) announced today that its board of directors has approved a record dividend allocation of $618 million to eligible life participating policyholders in 2007. This dividend allocation represents an increase of 7%, or $41 million, over last year’s dividend payout and is the largest in Guardian’s 146-year history.
    “We are pleased to announce the Company’s record dividend payout,” said Dennis J. Manning, president and chief executive officer of Guardian. “As a mutually-owned life insurance company we are dedicated to consistently improving policyholder value and paying dividends is one of the most important ways we do that.”

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