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BOWATER DECLARES DIVIDENDS

 BOWATER DECLARES DIVIDENDS
 DARIEN, Conn., Aug. 26 /PRNewswire/ -- The Board of Directors of


Bowater Incorporated (NYSE: BOW) today declared a quarterly cash dividend of $0.30 per common share payable on Oct. 1, 1992, to shareholders of record at the close of business on Sept. 10, 1992.
 The board also declared a quarterly cash dividend on the company's LIBOR preferred stock, series A, at a rate of 2.975 percent per annum equal to $0.38 per share payable on Oct. 15, 1992, to shareholders of record at the close of business on Sept. 10, 1992.
 Bowater Incorporated is a major manufacturer of newsprint, coated and uncoated groundwood publication papers and market pulp, and a large converter of communication papers for computer forms and other business applications.
 -0- 8/26/92
 /CONTACT: SuAnne B. Aune, Director of Investor Relations, of Bowater Incorporated, 203-656-7253, or evenings, 203-327-7558/
 (BOW) CO: Bowater Incorporated ST: Connecticut IN: PAP SU: DIV


LR -- NY071 -- 3593 08/26/92 15:56 EDT
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Publication:PR Newswire
Date:Aug 26, 1992
Words:165
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