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EQUITABLE RESOURCES INCREASES DIVIDEND

 PITTSBURGH, Oct. 15 /PRNewswire/ -- Equitable Resources, Inc. (NYSE: EQT) has voted to raise its quarterly dividend 5.6 percent to 28.5 cents from 27 cents per common share, the company announced today.
 On an annual basis, the increase amounts to 6 cents and establishes a new rate of $1.14 per share.
 Today's action, which the company said reflected its optimism about the future of the natural gas business, was the latest in a string of increases that has nearly doubled Equitable's dividend rate in just 10 years.
 The first payment at the new rate will be made on Dec. 1, 1993, to shareholders of record Nov. 16.
 -0- 10/15/93
 /CONTACT: Brian Plante of Equitable Resources, 412-553-5911/
 (EQT)


CO: Equitable Resources, Inc. ST: Pennsylvania IN: OIL SU: DIV

KC -- PG006 -- 2746 10/15/93 12:26 EDT
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Publication:PR Newswire
Date:Oct 15, 1993
Words:140
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