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PUBLIC SERVICE COMPANY BOARD OF DIRECTORS DECLARES INCREASED QUARTERLY DIVIDENDS

 PUBLIC SERVICE COMPANY BOARD OF DIRECTORS
 DECLARES INCREASED QUARTERLY DIVIDENDS
 GASTONIA, N.C., April 23 /PRNewswire/ -- On April 23, 1992, the Board of Directors of Public Service Company of North Carolina, Inc. (NASDAQ-NMS: PSNC) increased the Company's quarterly dividend by 1 cent per share, from 27.5 cents to 28.5 cents, payable July 1, 1992, to shareholders of record June 10, 1992. This is the 138th consecutive quarterly dividend on the Company's Common Stock and the 21st increase in quarterly dividends since 1970. With this 3.6 percent increase, the indicated annual dividend is now $1.14 per common share.
 The Directors also declared regular quarterly dividends on both series of the Company's Cumulative Preferred Stock, payable July 1, 1992 to shareholders of record June 10, 1992.
 Public Service Company distributes natural gas to over 245,000 customers in 87 cities, towns and communities in a 26-county territory ranging from the Raleigh, Durham and Chapel Hill areas in the northeast; the Concord, Statesville, Gastonia and Forest City areas in the Piedmont; to the Asheville, Hendersonville and Brevard areas in the western part of the state. Public Service Company, through subsidiaries of its wholly-owned subsidiary, PSNC Natural Resources Corporation, also participates in oil and gas exploration and production, and retails propane gas.
 -0- 4/23/92
 /CONTACT: Charles E. Zeigler, Jr., President and Chief Executive Officer, Public Service Company of North Carolina, Inc., 704-864-6731/
 (PSNC) CO: Public Service Company of North Carolina, Inc. ST: North Carolina IN: UTI SU: DIV


DF -- CH011 -- 1847 04/23/92 11:48 EDT
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Publication:PR Newswire
Date:Apr 23, 1992
Words:259
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