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ASHLAND COAL BOARD APPROVES QUARTERLY DIVIDEND

 ASHLAND COAL BOARD APPROVES QUARTERLY DIVIDEND
 HUNTINGTON, W.Va., July 23 /PRNewswire/ -- Ashland Coal, Inc.


(NYSE: ACI) announced today that its board of directors approved a quarterly dividend of 10 cents per share of common stock and common stock equivalents into which the preferred stock can be converted.
 The dividend will be payable on Sept. 15, 1992, to shareholders of record on Aug. 31, 1992.
 The board also declared the regular annual dividend of $4,200 per share on the 250 outstanding shares of Class B and Class C preferred stock, payable on Aug. 18, 1992, to preferred stockholders of record on Aug. 7, 1992.
 Ashland Coal, Inc. is engaged in the mining, processing and sale of low-sulfur coal, and markets its coal principally to electric utilities in the eastern United States and into the export markets.
 -0- 7/23/92
 /CONTACT: David G. Todd of Ashland Coal, 304-526-3755/
 (ACI) CO: Ashland Coal, Inc. ST: West Virginia IN: MNG SU: DIV


CD-EF -- PG013 -- 2512 07/23/92 12:14 EDT
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Publication:PR Newswire
Date:Jul 23, 1992
Words:170
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