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CHEMICAL BANKING CORPORATION DECLARES DIVIDEND

 NEW YORK, Feb. 16 /PRNewswire/ -- Chemical Banking Corporation (NYSE: CHL) today declared a quarterly dividend on the outstanding shares of each of the following issues of the corporation's preferred stock:
 -- Adjustable rate cumulative preferred stock, Series C -- $0.19350 per share.
 -- Adjustable rate cumulative preferred stock Series E -- $1.03750 per share.
 -- 10-3/4 percent cumulative preferred stock -- $2.6875 per share. The resultant dividend payable to holders of depository receipts for depository shares representing 10-3/4 percent cumulative preferred stock will amount to $0.671875 per share.
 -- 10.96 percent preferred stock -- $0.6850 per share.
 -- 8-3/8 percent preferred stock -- $0.5234375 per share.
 -- 7.92 percent cumulative preferred stock -- $1.98 per share. The resultant dividend payable to holders of depository receipts for depository shares representing 7.92 percent cumulative preferred stock will amount to $0.495 per share.
 All of the above dividends are payable on March 31, 1993 to stockholders of record at the close of business on March 15, 1993.
 -0- 2/16/93
 /CONTACT: John Meyers, 212-270-7454, or John Borden, 212-270-7318, of Chemical Banking Corporation/
 (CHL)


CO: Chemical Banking Corporation ST: New York IN: FIN SU: DIV

TS-KW -- NY098 -- 6823 02/16/93 13:18 EST
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Publication:PR Newswire
Date:Feb 16, 1993
Words:203
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