News You Can Use, from TLC

Being Helpful Pays Dividends

Monday, April 6, 2020 - by Stephen S. Mabry, CAE

News Release: Being Helpful Pays Dividends

FOR IMMEDIATE RELEASE
Texas Lions Camp, Inc.
(830) 896-896-8500 | news@lionscamp.com

From the Office of the President & CEO
Stephen S. Mabry, CAE

Being Helpful Pays Dividends


Kerrville, TX - April 6, 2020. The Board of Directors of Texas Mutual Insurance Company, just announced that they will release a scheduled dividend 2 months early in order to benefit their policy-holders when they may need it the most.

Thumbs up!
If you are not already familiar with how dividends work, it is a percentage return of profit to the owners of a company. It is elective, the amount, timing and release of which is determined by the issuing company's governance structure. This of course also includes the option to discontinue dividend payments in times when holding on to cash might seem the more prudent thing for a company to do.

Having selected Texas Mutual as TLC's Worker's Compensation Insurance Provider, TLC is a policy-holder in Texas Mutual. As a result, I received the following news release from Texas Mutual this morning:


Dividend checks coming early to support our policyholders

We know that supporting our policyholders during this uncertain time is more important than ever, which is why our board of directors has voted to pay dividends two months early. Like many of you, we don't know the economic impact that COVID-19 will have on our business, but we do know that we are in a good position to distribute this dividend in this critical time. We're proud to share that our teams are working hard to finalize this year's individual dividend payout of $330 million to over 57,000 policyholders.


Checks mailed to qualifying policyholders on April 20

Policyholders who qualify for a dividend can expect to receive their check directly in the mail by the end of the month.
I recognize that not only is offering a dividend not required of Texas Mutual, but releasing it at all during a historic, economic downturn is an act of kindness on its face. Releasing it early merely to help...well, that's extraordinary.

Thank you to our partners at Texas Mutual for your courage and kindness when it is needed the most. I pray that you emerge from the current pandemic stronger than ever and continuing to safeguard one of our most precious of resources at TLC, the personnel who make the magic happen for more than 1,500 kiddos per summer.


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Stephen is President and CEO of Texas Lions Camp, Inc. and recently celebrated 30 years of service to this 70 year-old, 501(c)(3) charitable, organization in August of 2019. TLC, Inc. has a large Board of Directors consisting of 94 voting members and over 300 volunteer members that serve on one of 10 standing committees. As a corporation, TLC has more than 200 full-time and seasonal employees (who are organized into 7 departments) and over 2,000 volunteers per year that are responsible for creating an atmosphere of success for more than 1,500 children with physical disabilities per summer. Stephen is a Certified Association Executive with the American Society of Association Executives, a past Certified Fund-Raising Executive with the Association of Fundraising Professionals. Stephen is a father of three and resides on TLC’s Kerrville campus together with his wife Shawn, who as luck would have it, is a professional editor.
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