Being Helpful Pays DividendsMonday, April 6, 2020 - by Stephen S. Mabry, CAENews 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.
![]() 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
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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