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BELL ATLANTIC DECLARES DIVIDEND FOR THIRD QUARTER 1993 AND EXTENDS STOCK REPURCHASE PROGRAM

 PHILADELPHIA, Aug. 24 /PRNewswire/ -- The board of directors of Bell Atlantic Corporation (NYSE: BEL) today declared a third-quarter dividend of $.67 per share on the company's outstanding common shares.
 The dividend will be payable on Nov. 1, 1993, to shareowners of record of outstanding shares on Oct. 8. Bell Atlantic has approximately 435 million shares of common stock outstanding and approximately 1 million shareowners of record.
 The board of directors also extended its authorization of the company's share repurchase program. The board has approved the expenditure of up to $1 billion for the purchase of Bell Atlantic stock from time to time in open market transactions. The period covered by the authorization begins Jan. 1, 1994, and ends Dec. 31, 1995. The company's existing share repurchase program, most recently renewed in March 1992, will expire at the end of 1993. While the company has no plans for share repurchases in the near term, the share repurchase program provides flexibility to respond quickly to changing market conditions and other factors.
 Bell Atlantic Corporation, based in Philadelphia, is the parent company of New Jersey Bell, Bell of Pennsylvania, Diamond State Telephone (Delaware), and the Chesapeake and Potomac Telephone Companies of Maryland, Virginia, West Virginia, and Washington, D.C., companies which provide a full array of local exchange telecommunications services in the mid-Atlantic region.
 Bell Atlantic also is the parent of one of the nation's largest cellular carriers and of companies that provide software, systems integration, hardware and software service and support, and financial services throughout the United States and internationally. In addition, Bell Atlantic International offers network services and consulting to telephone authorities throughout the world and owns an interest in Telecom Corporation of New Zealand.
 /delval/
 -0- 8/24/93
 /CONTACT: Cynthia M. Ciangio of Bell Atlantic, 215-963-6306/
 (BEL)


CO: Bell Atlantic Corporation ST: Pennsylvania IN: TLS SU: DIV

MK -- PH006 -- 5507 08/24/93 14:30 EDT
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Publication:PR Newswire
Date:Aug 24, 1993
Words:317
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