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ASHLAND COAL BOARD APPROVES QUARTERLY DIVIDEND

 ASHLAND COAL BOARD APPROVES QUARTERLY DIVIDEND
 HUNTINGTON, W.Va., Feb. 27 /PRNewswire/ -- Ashland Coal, Inc.


(NYSE: ACI) announced today that its board of directors approved a quarterly dividend of 10 cents per share of common stock and common stock equivalents into which the preferred stock can be converted.
 The dividend will be payable on March 16, 1992 to shareholders of record on March 9, 1992.
 Ashland Coal, Inc., is engaged in the mining, processing and sale of low-sulfur coal, and markets its coal principally to electric utilities in the eastern United States and into the export markets.
 -0- 2/27/92
 /CONTACT: David G. Todd of Ashland Coal, Inc., 304-526-3755/
 (ACI) CO: Ashland Coal, Inc. ST: West Virginia IN: MNG SU: DIV


CD -- PG004 -- 3353 02/27/92 14:51 EST
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Publication:PR Newswire
Date:Feb 27, 1992
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