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BANC ONE INCREASES QUARTERLY CASH DIVIDEND TO $.35 PER SHARE

 COLUMBUS, Ohio, Jan. 19 /PRNewswire/ -- John B. McCoy, chairman and chief executive officer of Banc One Corporation (NYSE: ONE), Columbus, Ohio, announced that the corporation's board of directors approved an increase in the quarterly cash dividend paid on common stock from $.32 to $.35 per share. On an annualized basis, the cash dividend of $1.40 per share is 14.8 percent above Banc One's 1992 dividend of $1.22 per share. The new cash dividend is payable on March 31, 1993 to shareholders of record on March 15, 1993.
 McCoy indicated, "We couldn't be more pleased with the earnings performance of our affiliates. This continued strong performance makes it possible for us to increase the dividend now, and is consistent with our policy of paying out 35 percent to 38 percent of net income." Earlier, Banc One reported a 26 percent increase in net income per share for 1992. The cash dividend has been increased in each of the past 22 years. Over the last ten years, it has been raised on 15 occasions. Over that period it has grown at an annual compounded rate of 13.7 percent, a rate exceeded by only one of the nation's 50 largest banking organizations.
 Banc One Corporation had assets of $61.4 billion at year end 1992 and operates 61 banks with 1,017 offices in Colorado, Indiana, Illinois, Kentucky, Michigan, Ohio, Texas and Wisconsin. Banc One Corporation also operates several additional corporations that engage in data processing, venture capital, investment and merchant banking, trust, brokerage, equipment leasing, mortgage banking, consumer finance and insurance.
 -0- 1/19/93
 /CONTACT: George R.L. Meiling, 614-248-5908, or John A. Russell, 614-248-5989, both of Banc One Corporation/
 (ONE)


CO: Banc One Corporation ST: Ohio IN: FIN SU: DIV

BM -- CL014 -- 6371 01/19/93 12:56 EST
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Publication:PR Newswire
Date:Jan 19, 1993
Words:303
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