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RELIANCE ELECTRIC COMPANY ANNOUNCES DIVIDEND ON $1.50 JUNIOR EXCHANGEABLE PREFERRED STOCK

 RELIANCE ELECTRIC COMPANY ANNOUNCES
 DIVIDEND ON $1.50 JUNIOR EXCHANGEABLE PREFERRED STOCK
 CLEVELAND, Oct. 15 /PRNewswire/ -- Reliance Electric Company (NYSE: REE) announced a regular dividend of $.375 per share on its $1.50 junior exchangeable preferred stock. The payment date of the dividend is Nov. 28, 1992. The record date is close of business Nov. 12, 1992. This is a regular quarterly cash dividend being paid pursuant to the terms of the $1.50 junior exchangeable preferred stock. The $1.50 junior exchangeable preferred stock is traded on the American Stock Exchange under the symbol REE.PR.
 Reliance Electric Company, headquartered in Cleveland, designs, manufactures, sells and services a broad range of industrial and telecommunications equipment. Reliance operates 48 manufacturing plants worldwide in nine countries and employs approximately 14,000 people.
 -0- 10/15/92
 /CONTACT: P. Kelly Tompkins of Reliance Electric Company, 216-266-5809/
 (REE) CO: Reliance Electric Company ST: Ohio IN: TLS SU: DIV


KK -- CL021 -- 0533 10/15/92 14:47 EDT
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Publication:PR Newswire
Date:Oct 15, 1992
Words:164
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