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ATLANTIC ENERGY, INC. DECLARES DIVIDEND ON COMMON STOCK; ATLANTIC CITY ELECTRIC COMPANY DECLARES DIVIDENDS ON PREFERRED STOCK

 PLEASANTVILLE, N.J., Dec. 9 /PRNewswire/ -- The board of directors of Atlantic Energy, Inc. (NYSE: ATE) today declared a regular quarterly dividend on its Common Stock of $0.385 per share, payable Jan. 17, 1994, to holders of record Dec. 20, 1993.
 Based on the annualized dividend rate of $1.54 and the closing price for Atlantic Energy Common Stock of $22.25 on Dec. 8, 1993, on the New York Stock Exchange, the stock's yield is 6.9 percent.
 The board of directors of Atlantic City Electric Company, the utility subsidiary of Atlantic Energy, Inc., declared regular quarterly dividends on all series of its preferred stock payable Feb. 1, 1994, to holders of record Jan. 3, 1994.
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 This information is not given in connection with any sale, offer for sale or a solicitation of an offer to buy any securities.
 /delval/
 -0- 12/9/93
 /CONTACT: J.G. Salomone, 609-645-4411, or Louis M. Walters, 609-645-4441, or Robert K. Marshall, 609-645-4655, all of Atlantic Energy/
 (ATE)


CO: Atlantic Energy, Inc.; Atlantic City Electric Company ST: New Jersey IN: UTI SU: DIV

MJ -- PH015 -- 2228 12/09/93 13:01 EST
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Publication:PR Newswire
Date:Dec 9, 1993
Words:190
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