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GULF STATES UTILITIES COMPANY DECLARES PREFERRED STOCK DIVIDENDS

 GULF STATES UTILITIES COMPANY DECLARES PREFERRED STOCK DIVIDENDS
 BEAUMONT, Texas, Nov. 12 /PRNewswire/ -- Gulf States Utilities Co.'s (NYSE: GSU) board of directors today declared quarterly preferred stock dividends payable Dec. 15 to shareholders of record Nov. 23.
 The board action marks the third consecutive regular quarterly payment of preferred dividends since the preferred stock dividend arrearage was paid earlier this year. Financial conditions had forced the company to eliminate both preferred and preference stock dividends from 1986 until September 1991.
 Dividends will be paid to nearly 2,200 institutions and individuals who own the more than 4 million shares of preferred stock outstanding.
 Gulf States serves more than 586,000 electric customers in a 28,000- square-mile area spanning the Gulf Coast between Houston and New Orleans.
 -0- 11/12/92
 /CONTACT: Susan H. Gilley of Gulf States Utilities Company, 409-839-2846/
 (GSU) CO: Gulf States Utilities Co. ST: Texas IN: OIL SU: DIV


AH -- NY045 -- 0307 11/12/92 15:14 EST
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Publication:PR Newswire
Date:Nov 12, 1992
Words:163
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