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MBIA INC. DECLARES QUARTERLY DIVIDEND

 ARMONK, N.Y., June 14 /PRNewswire/ -- MBIA Inc. (NYSE: MBI) today declared a regular quarterly dividend of $.21 per share on its common stock. The dividend is payable July 15, 1993 to shareholders of record June 25, 1993.
 MBIA Inc., through its wholly owned subsidiary, MBIA Corporation, is the leading insurer of municipal bonds, including new issues and bonds traded in the secondary market. The company also guarantees asset- backed transactions and high quality obligations offered by qualified financial institutions and provides investment management services for school districts and municipalities. MBIA Corporation has a claims- paying rating of Triple-A from Moody's Investors Service and Standard & Poor's Corporation, and all municipal bonds insured by MBIA receive these ratings.
 -0- 6/14/93
 /CONTACT: Michael C. Ballinger of MBIA, 914-765-3893/
 (MBI)


CO: MBIA Inc. ST: New York IN: INS SU: DIV

PS -- NY029 -- 1484 06/14/93 09:49 EST
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Publication:PR Newswire
Date:Jun 14, 1993
Words:148
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