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ATLANTIC ENERGY INCREASES DIVIDEND ON COMMON STOCK

 ATLANTIC ENERGY INCREASES DIVIDEND ON COMMON STOCK
 PLEASANTVILLE, N.J., June 11 /PRNewswire/ -- The board of directors


of Atlantic Energy, Inc. (NYSE: ATE) today increased the regular quarterly dividend rate on its common stock from $.375 to $.38 per share, effective with the dividend payable July 15, 1992, to holders of record June 22.
 The new rate is equivalent to $1.52 on an annual basis and reflects the 2 for 1 stock split effective May 14, 1992.
 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 Aug. 3, 1992, to holders of record July 3.
 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- 6/11/92
 /CONTACT: J.G. Salomone, 609-645-4411; Louis M. Walters, 609-645-4441; Lois F. Jennings, 609-645-4247; 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


JS-CC -- PH010 -- 9218 06/11/92 12:05 EDT
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Publication:PR Newswire
Date:Jun 11, 1992
Words:190
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