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ALC COMMUNICATIONS CORPORATION DECLARES QUARTERLY DIVIDEND ON CLASS A PREFERRED STOCK

 BINGHAM FARMS, Mich., July 22 /PRNewswire/ -- ALC Communications Corporation (AMEX: ALC) board of directors today declared a quarterly dividend of 32 cents per share on each of the 355,956 issued and outstanding shares of Class A Preferred Stock. The dividend is payable Sept. 30, 1993, to stockholders of record at the close of business Sept. 13, 1993. The dividends were determined according to the company's Restated Certificate of Incorporation.
 The shares of Class A Preferred Stock are entitled to quarterly, cumulating dividends. The company has not previously declared any such dividend payments other than for one quarter in 1988.
 ALC Communications Corporation common stock is traded on the American Stock Exchange under the symbol ALC. Allnet(R), the wholly owned operating subsidiary of ALC, provides long-distance products and services to customers nationwide. The company is headquartered in Bingham Farms and employs more than 1,500 people nationwide.
 -0- 7/22/93
 /CONTACT: David J. Thomas, vice president and treasurer, ALC Communications Corporation, 313-433-4935/
 (ALC)


CO: ALC Communications Corporation ST: Michigan IN: TLS SU: DIV

ML -- DE025 -- 4709 07/22/93 15:49 EDT
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Publication:PR Newswire
Date:Jul 22, 1993
Words:184
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