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BANKERS TRUST RAISES DIVIDEND

 BANKERS TRUST RAISES DIVIDEND
 NEW YORK, Dec. 17 /PRNewswire/ -- Bankers Trust New York Corporation


(NYSE: BT) announced today that its board of directors has approved an increase in the regular quarterly dividend on common stock to 70 cents per share, from 63-1/2 cents, an increase of 10.2 percent. The annual dividend rate is now $2.80, up from $2.54.
 The corporation is pleased to be raising the dividend for the 13th consecutive year. At the beginning of the year management stated that the effects of the recession probably would lower earnings in 1991 from their record level in 1990. In the first nine months of 1991 net income was, in fact, only 2 percent below net income for the same period in 1990. Since management currently anticipates that net income for the fourth quarter of 1991 will be in the same area, plus or minus, as income for the fourth quarter of 1990, it is expected that the full year's results will reflect considerable success in mitigating the effects of the recession.
 The fourth quarter dividend is payable Jan. 25, 1992 to shareholders of record Jan. 2, 1992.
 Also declared were quarterly dividends on the following shares of money market cumulative preferred stock:
 SERIES NO. OF SHARES DIVIDEND RECORD DATE PAYABLE DATE
 Series E 625 $547.17 1/24/92 1/27/92
 Series F 625 551.25 1/31/92 2/03/92
 -0- 12/17/91
 /CONTACT: Thomas A. Parisi of Bankers Trust New York, 212-454-1686/
 (BT) CO: Bankers Trust New York Corporation ST: New York IN: FIN SU: DIV


FC-OS -- NY048 -- 3031 12/17/91 14:40 EST
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Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Dec 17, 1991
Words:274
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