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THE BANK OF NEW YORK COMPANY, INC. INCREASES COMMON STOCK DIVIDEND 18 PERCENT

 NEW YORK, July 13 /PRNewswire/ -- The Bank of New York Company, Inc. (NYSE: BK) today announced that its board of directors declared a quarterly cash dividend of 45 cents per share of the company's common stock, an 18 percent increase over the 38 cents paid the previous quarter. The dividend is payable on Aug. 6, 1993 to holders of record as of the close of business on July 23, 1993.
 A 75 cents per share dividend was declared on the company's adjustable rate cumulative preferred stock for the period from June 2, 1993 through Sept. 1, 1993. The dividend is payable on Sept. 1, 1993 to holders of record as of the close of business on Aug. 15, 1993.
 A dividend of 81.25 cents per share was declared on the company's cumulative adjustable rate preferred stock for the period from July 1, 1993 through Sept. 30, 1993. The dividend is payable on Sept. 30, 1993 to holders of record as of the close of business on Sept. 1, 1993.
 A dividend of 53.75 cents per depositary share was declared on the company's fixed rate cumulative preferred stock for the period from June 1, 1993 through Aug. 31, 1993. The dividend is payable on Sept. 1, 1993 to holders of record as of the close of business on Aug. 15, 1993.
 -0- 7/13/93
 /CONTACT: Michael M. Pascale, vice president, 212-495-1041, or Pierre S. Brull, vice president, 212-495-1721, both of The Bank of New York/
 (BK)


CO: The Bank of New York Company, Inc. ST: New York IN: FIN SU: DIV

TS -- NY041 -- 0898 07/13/93 12:55 EDT
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Publication:PR Newswire
Date:Jul 13, 1993
Words:272
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