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BROOKLYN UNION GAS INCREASES DIVIDEND 17TH CONSECUTIVE YEAR

 BROOKLYN, N.Y., Dec. 16 /PRNewswire/ -- Brooklyn Union Gas (NYSE: BU) today raised its annual dividend on common stock to $1.98 from $1.94 per share, an increase of 4 cents. This marks the 17th consecutive annual increase in Brooklyn Union's dividend. President and Chief Executive Officer Robert B. Catell said, "This increase in our dividend is evidence of our confidence in the future and is consistent with our company's policy to provide growth to our shareholders."
 The new annual rate of $1.98 is payable quarterly at the rate of 49-1/2 cents. The first payment is Feb. 1, 1993 to shareholders of record on Jan. 4, 1993. This is the 45th successive year in which a dividend has been paid.
 Brooklyn Union Gas distributes natural gas in the New York City boroughs of Brooklyn and Staten Island and in two-thirds of the borough of Queens, a territory of 187 square miles with a population of 4,000,000. Brooklyn Union is involved in other energy-related investments including oil-and-gas exploration and marketing, cogeneration projects, pipeline projects and propane distribution in the United States and Canada.
 -0- 12/16/92
 /CONTACT: Jan C. Childress, manager - investor relations of Brooklyn Union Gas, 718-403-3382, or fax, 718-852-8221/
 (BU)


CO: Brooklyn Union Gas ST: New York IN: UTI SU: DIV

AH-OS -- NY052 -- 7730 12/16/92 12:50 EST
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Publication:PR Newswire
Date:Dec 16, 1992
Words:227
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