TORCHMARK <TMK> AUTHORIZES STOCK REPURCHASE
Torchmark Corp said its board
authorized the purchase from time to time of a significant
portion of its 7-3/4 pct convertible subordinated debentures.
As of February 25, it said there were outstanding 150 mln dlrs
of the principal amount of debenures.
    The company also said it plans to redeem the debentures on
June eight.
    It also declared a regular quarterly dividend of 25 cts per
share on its common payable May one to shareholders of record
April 10.
 Reuter
