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Shareholders to profit

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MassMutual’s Board of directors has approved the largest dividend payout in the company’s history for 2007. Approximately $1.25 billion will be distributed to shareholders eligible for dividends, setting a record for the 155-year-old company.

The $1.25 billion figure is 5.6 percent higher, or $66.1 million more, than the 2006 dividend payout.

“As a mutually owned protection, accumulation and income management company, we are committed to working for the benefit of our policyholders,” said Stuart Reese, president and CEO of MassMutual.

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