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153 PUBLIC UTILITY AND 23 TELECOMMUNICATIONS COMPANIES OFFER DIVIDEND REINVESTMENT PLANS

 LAUREL, Md., Jan. 6 /PRNewswire/ -- Evergreen Enterprises released its fourth quarter Guide to Dividend Reinvestment Plans update containing the annual screens of public utilities and telecommunications companies.
 Of the 1,000 plans tracked by the guide, 153 are public utilities, a decrease from 158 in 1991. Currently 31 (20 percent) utilities offer a discount. Over 85.6 percent of the utility plans offer no-cost plans. Two utilities -- Atmos Energy Corp. and SCANA Corp. -- offer the general public an opportunity to purchase stock directly from the company.
 Atmos Energy, a natural gas utility in Dallas, enables anyone to purchase a minimum of $200 worth of stock to begin a reinvestment plan. SCANA, an electric and gas utility headquartered in Columbia, S.C., has a minimum of $250 for initial purchase of stock.
 The screen of 23 telecommunications companies with dividend reinvestment plans (DRPs) includes Centel Corp., which will soon be acquired by Sprint Corp. Only three of the telecommunications plans provide a discount on reinvested dividends -- a recent change in the Pacific Telesis Group plan provides for a 3.5 percent discount on reinvested dividends and cash purchases. The Northern Telecom Ltd. and Telephone and Data Systems Inc. plans both provide for a 5 percent discount only on reinvested dividends.
 Many dividend reinvestment plans offer shareholders additional savings in purchasing stock through the plans by picking up all costs. The shareholder participating in a no-cost plan does not pay brokerage commissions or DRP administration fees when purchasing shares through the plan.
 In the Atmos plan, all costs for purchasing stock through the DRP are borne by the company; in the SCANA plan, all costs are paid by the company when the plan administrator uses original issue stock. (Original issue stock is that which has been authorized, but has not been issued. It is held in the company's treasury to be used when needed.)
 The guide lists 29 Canadian companies that offer DRPs to their shareholders. Some of the plans do not permit U.S. residents to participate in their dividend reinvestment plans. Some Canadian plans offer a choice of reinvesting dividends or receiving a stock dividend. U.S. residents are allowed to participate in a stock dividend plan. However, unless the company has registered its stock with the U.S. Securities and Exchange Commission, U.S. residents are not allowed to participate in the DRP.
 Five ADR companies, British Airways plc, British Petroleum Co. plc, Glaxo Holdings plc, SmithKline Beecham plc and Volvo North America Corp., have dividend reinvestment plans for their ADR (American depositary receipt) holders. ADRs are traded on U.S. exchanges and offer a simple way of investing abroad without actually executing trades on an overseas market. ADRs represent non-U.S. shares that are held in trust by a financial institution.
 The statistics were compiled from the data collected for the Guide to Dividend Reinvestment Plans. The guide fourth quarter 1992 update includes summary lists of 153 public utilities, 23 telecommunications companies, nine in miscellaneous industries, 29 Canadian plans and five ADR companies with DRPs. The annual original issue/market purchase study also was released in the update. This study gives a statistical breakdown of the source of shares used for plan purchases -- authorized, but unissued original shares or those purchased on the market.
 The guide is a loose-leaf service that provides investors and managers with up-to-data information on dividend reinvestment plans, listing addresses, phone number and plan features with quarterly updates of plan changes, new listings and screens of the plans. Evergreen also publishes the Directory of Companies Offering Dividend Reinvestment Plans, a 130-page paperback directory intended for small, individual investors. The guide may be purchased for $130 and the directory for $28.95 from Evergreen Enterprises, P.O. Box 763, Laurel, Md. 20725-0763, 301-953-1861.
 -0- 1/6/93
 /CONTACT: Sumie Kinoshita of Evergreen Enterprises, 301-953-1861/


CO: Evergreen Enterprises ST: Maryland IN: PUB TLS UTI SU:

MH -- DC014 -- 2214 01/06/93 12:49 EST
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Date:Jan 6, 1993
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