DPL Inc. board of directors approve quarterly increase in the common dividend rate to $0.325 per share.

DAYTON, Ohio--(BUSINESS WIRE)--Jan. 30, 1996--The board of directors of DPL Inc. today approved a quarterly increase in the common dividend rate to $0.325 per share.

This action increases the annual rate by six cents to $1.30 per share from $1.24 per share paid in 1995. The quarterly dividend is payable March 1, 1996 to shareholders of record on Feb. 14, 1996.

Peter H. Forster, chairman and CEO of DPL Inc., said, "The dividend action taken by the board today reflects our intent to continue to provide our shareholders with a current return on investment that is meaningful and competitive in today's financial environment. This 4.8 percent dividend increase marks the ninth time in the last ten years that we have raised the dividend, and demonstrates our long term commitment to our shareholders, as well as our customers through competitive energy prices.

"We are positioned to provide this dividend increase because of our solid financial and operating performance in 1995, and expectations for another good year in 1996," Forster continued. "Earnings per share increased nearly six percent in 1995 as a result of the efficiency and productivity of our employees and another year of strong growth for the economy of West Central Ohio. Increasing energy sales, our continued cost control efforts, and commitment to deliver reliable and competitive energy services and prices to our customers will help our growth in the future."

DPL Inc. is a holding company whose principal subsidiary is the Dayton Power and Light Co., an electric and natural gas utility serving 24 counties in West Central Ohio.

CONTACT: DPL Medialine, 513/224-5940