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BELLSOUTH BOARD APPROVES QUARTERLY DIVIDEND

 ATLANTA, March 22 /PRNewswire/ -- BellSouth Corporation's (NYSE: BLS) board of directors today declared the regular quarterly dividend of $0.69 per common share.
 The dividend is payable May 1 to shareholders of record on April 8. The ex-dividend date is April 2.
 This is the 37th consecutive quarterly dividend declared by BellSouth since its formation in 1984. BellSouth has more than 494 million shares outstanding in some 1.3 million shareholder accounts.
 "Our dividend level reflects a prudent balance between our shareholders' desires for immediate cash returns and their company's reinvestment of earnings for long-term growth," said John L. Clendenin, BellSouth chairman and chief executive officer.
 "BellSouth's dividend remains an important component of our total return to shareholders. But we are also investing in opportunities like the rapidly expanding domestic cellular business, the national RAM Mobile Data network, Australia's new communications network OPTUS, and the recently awarded German cellular license. Such investments will grow shareholder value over the long term."
 BellSouth is an international telecommunications holding company. Its subsidiaries offer local telephone service in nine southeastern states and mobile communications services worldwide, provide advertising and publishing services, and market and maintain stand-alone and fully integrated communications systems.
 -0- 3/22/93
 /CONTACT: Larry Stevens, 404-249-2832, or Scott Ticer, 404-249-2824, both of BellSouth Corporation/
 (BLS)


CO: BellSouth Corporation ST: Georgia IN: TLS SU: DIV

BR-BN -- AT009 -- 8274 03/22/93 14:05 EST
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Publication:PR Newswire
Date:Mar 22, 1993
Words:232
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