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CENTERIOR ENERGY DECLARES QUARTERLY DIVIDEND

 INDEPENDENCE, Ohio, June 22 /PRNewswire/ -- Centerior Energy Corporation (NYSE: CX) today declared a quarterly dividend of $.40 per share on the company's common stock, the same as the previous quarter. The dividend will be paid on Aug. 15, 1993, to share owners of record at the close of business on July 16, 1993.
 The company noted that the dividend was maintained notwithstanding the sluggish economy and mild weather that have continued to retard earnings growth. As previously stated, however, maintaining the present dividend continues to depend on the longer-term outlook for improved sales and revenues, continued cost control and the competitive climate.
 Centerior Energy and its operating utilities, Cleveland Electric and Toledo Edison, provide electric service to more than one million customers in Northern Ohio.
 -0- 6/22/93
 /CONTACT: Lee Bailey of Centerior Energy Corporation, 216-447-3235, or 216-623-1060, after hours/
 (CX)


CO: Centerior Energy Corp. ST: Ohio IN: UTI SU: DIV

AR -- CL013 -- 4514 06/22/93 11:15 EDT
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Publication:PR Newswire
Date:Jun 22, 1993
Words:161
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