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SEVILLANA BOARD APPROVES DIVIDEND PAYMENT

 SEVILLE, Spain, March 24 /PRNewswire/ -- The board of directors of Compania Sevillana de Electricidad (NASDAQ: COVDY) has approved the payment of an additional Ptas 19.25 dividend per share. This amount is in addition to the Ptas 23.75 paid Jan. 4, 1993, and would bring the total dividend per share paid for fiscal year 1992 to Ptas 43 (8.6 percent of par value), and equal to last year's dividend. The decision by the board will be presented for approval by the shareholders at the next shareholder meeting, which is expected to take place in early June.
 Sevillana is one of Spain's leading publicly held electric utilities and serves the southern region of Spain. Its ADRs are traded in the U.S. OTC market.
 -0- 3/24/93
 /CONTACT: Gregorio Valero, 011-341-597-1343, or Frank Della Corte of Wattel/Della Corte & Arkin, 212-599-2369, both for Compania Sevillana de Electricidad/
 (COVDY)


CO: Compania Sevillana de Electricidad ST: IN: UTI SU: DIV

CK -- NY030 -- 9060 03/24/93 11:20 EST
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Publication:PR Newswire
Date:Mar 24, 1993
Words:169
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