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BG&E INCREASES COMMON STOCK DIVIDEND

 BALTIMORE, May 21 /PRNewswire/ -- Directors of the Baltimore Gas and Electric Company (NYSE: BGE) declared a quarterly dividend of 37 cents per share on the common stock payable July 1, 1993, to holders of record on June 10.
 This is equivalent to an annual rate of $1.48 per share. The company has been paying quarterly dividends on the common stock at the rate of 36 cents per share, equivalent to an annual rate of $1.44 per share, which was established July 1, 1992.
 Quarterly dividends at the specified rates were also declared for all outstanding preferred and preference stocks to holders of record at the close of business on June 10, 1993, and are payable July 1.
 -0- 5/21/93
 /CONTACT: Arthur J. Slusark of Baltimore Gas and Electric, 410-234-7433/
 (BGE)


CO: Baltimore Gas and Electric Company ST: Maryland IN: UTI SU: DIV

MK -- PH023 -- 1260 05/21/93 14:30 EDT
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Publication:PR Newswire
Date:May 21, 1993
Words:155
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