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

 ATLANTIC ENERGY DECLARES DIVIDEND ON COMMON STOCK;


ATLANTIC CITY ELECTRIC COMPANY DECLARES DIVIDENDS ON PREFERRED STOCK
 PLEASANTVILLE, N.J., Sept. 10 /PRNewswire/ -- The board of directors of Atlantic Energy, Inc. (NYSE: ATE) today declared the regular quarterly dividend on its common stock of $0.38 per share, payable Oct. 15, 1992, to holders of record Sept. 21.
 The dividend rate is equal to $1.52 on an annual basis.
 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 Nov. 2, 1992, to all holders of record Oct. 2.
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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- 9/10/92
 /CONTACT: J.G. Salomone, 609-645-4411, or L.M. Walters, 609-645-4441, or L.F. Jennings, 609-645-4247, all of Atlantic Energy/
 (ATE) CO: Atlantic Energy, Inc.; Atlantic City Electric Company ST: New Jersey IN: UTI SU: DIV


MP -- PH018 -- 7985 09/10/92 11:41 EDT
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Publication:PR Newswire
Date:Sep 10, 1992
Words:179
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