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BOWATER DECLARES DIVIDENDS

 BOWATER DECLARES DIVIDENDS
 DARIEN, Conn., May 27 /PRNewswire/ -- The board of directors of


Bowater Incorporated (NYSE: BOW) today declared a quarterly cash dividend of $0.30 per common share payable on July 1, 1992, to shareholders of record at the close of business on June 10, 1992.
 The board also declared a quarterly cash dividend on the company's LIBOR preferred stock, Series A, at a rate of 3.506 percent per annum equal to $0.44 per share payable on July 15, 1992, to shareholders of record at the close of business on June 10, 1992.
 Bowater Incorporated is a major manufacturer of newsprint, coated and uncoated groundwood publication papers and market pulp, and a large converter of communication papers for computer forms and other business applications.
 -0- 5/27/92
 /CONTACT: SuAnne B. Aune of Bowater, 203-656-7253, or home, 203-327-7558/
 (BOW) CO: Bowater Incorporated ST: Connecticut IN: PAP SU: DIV


GK -- NY067 -- 4365 05/27/92 15:26 EDT
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Publication:PR Newswire
Date:May 27, 1992
Words:160
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