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Bangor Hydro declares quarterly dividends.


BANGOR, Maine--(BUSINESS WIRE)--Sept. 18, 1996--The Board of Directors of Bangor Hydro today declared the following regular quarterly dividends for the third quarter of 1996:

8.76% Preferred Stock------------------------------$2.19 per share


7% Preferred Stock----------- ---------------------$1.75 per share


4.25% Preferred Stock------------------------------$1.06 per share


4% Preferred Stock---------------------------------$1.00 per share


Common Stock---------------------------------------$0.18 per share


The dividends are payable October 20, 1996 to stockholders of record as of the close of business on September 30, 1996.

Bangor Hydro is the second largest electric utility in Maine. It serves a population of about 192,000 in an area encompassing approximately 5,200 square miles in eastern and east coastal Maine. The Company is a member of the New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt.  Power Pool and is interconnected with other New England utilities to the south and with New Brunswick New Brunswick, province, Canada
New Brunswick, province (2001 pop. 729,498), 28,345 sq mi (73,433 sq km), including 519 sq mi (1,345 sq km) of water surface, E Canada.
 Power to the north. Bangor Hydro is listed on the NYSE NYSE

See: New York Stock Exchange
 under the symbol "BGR BGR Bundesanstalt für Geowissenschaften und Rohstoffe (in Federal Republic of Germany)
BGR Bulgaria (ISO Country code)
BGR Blue Green Red (uncommon variant of RGB) 
".

CONTACT: Bangor

Eric Samp samp: see hominy.  at, 207/941-6653
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Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Sep 18, 1996
Words:164
Previous Article:The Cooper Companies amends lending agreements with more favorable terms; expects interest cost savings of about two cents per share in fiscal 1997.
Next Article:PIPER JAFFRAY COMPANIES FOUNDATION GRANTS $146,700 TO NONPROFIT ORGANIZATIONS; SPECIAL ATTENTION GIVEN TO HUMAN SERVICES.
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