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ANANGEL-AMERICAN SHIPHOLDINGS ANNOUNCES DIVIDEND

 ANANGEL-AMERICAN SHIPHOLDINGS ANNOUNCES DIVIDEND
 PIRAEUS, Greece, Sept. 25 /PRNewswire/ -- Anangel-American


Shipholdings Limited (NASDAQ: ASIPY) announced that its annual general meeting held today had approved the payment of the proposed final dividend of 50 cents per ordinary share. The payment of the dividend will be made on Oct. 1 to shareholders of record on Sept. 1, 1992.
 In his address to the annual general meeting, the chairman stated that the company, given its perpetuation, its power to incur debt and its broader investment horizons, considerably enhanced its competitive position. He added that the company is well positioned to take advantage of the opportunities which the present difficult market environment may bring.
 Finally, he expressed his satisfaction that these views appear to be shared by the investment community, as evidenced by the performance of the company's share price compared to those of its competitors.
 -0- 9/25/92
 /CONTACT: M. Costeletos of Anangel-American, in Piraeus, 422-4500; or Anangel-American public relations in London, 71-828-3388/
 (ASIPY) CO: Anangel-American Shipholdings Limited ST: IN: MAR SU: DIV


GK-LR -- NY005 -- 3405 09/25/92 08:51 EDT
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Publication:PR Newswire
Date:Sep 25, 1992
Words:180
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