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

 PLEASANTVILLE, N.J., Sept. 9 /PRNewswire/ -- The board of directors of Atlantic Energy, Inc. (NYSE: ATE) today declared the regular quarterly dividend on its common stock of $.385 per share, payable Oct. 15, 1993, to holders of record Sept. 20.
 The dividend rate is equal to $1.54 on an annual basis.
 Based on the annualized dividend rate of $1.54 and the closing price for Atlantic Energy common stock of $24-7/8 on Sept. 9, 1993, on the New York Stock Exchange, the stock's yield is 6.2 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 Nov. 1, 1993, to all holders of record Oct. 1.
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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- 9/9/93
 /CONTACT: J.G. Salomone, 609-645-4411, L.M. Walters, 609-645-4441, or R.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

CC-MK -- PH020 -- 0384 09/09/93 14:14 EDT
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Publication:PR Newswire
Date:Sep 9, 1993
Words:199
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