Protective Increases Quarterly Dividend by 14% to $0.16

The share owners of Protective Life Corporation PL held their annual meeting today and declared a quarterly dividend of $0.16 per share, representing a 14% increase over the previous quarterly dividend. The Corporation's Board of Directors declared the quarterly dividend to be paid May 31, 2011, to share owners of record at the close of business on May 20, 2011.