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DETROIT EDISON BOARD INCREASES DIVIDEND

 DETROIT, Feb. 22 /PRNewswire/ -- The Detroit Edison (NYSE: DTE) Board of Directors today increased the company's quarterly common stock dividend by 2 cents per share. The indicated annual dividend is now $2.06 per share, up 4 percent from $1.98 per share. The common stock dividend was last increased by an annual rate of 10 cents per share in February 1992.
 The next quarterly dividend of 51.5 cents per share will be payable April 15 to shareholders of record at the close of business March 18.
 Additional dividends declared by the board are as follows:
 5.50 percent convertible cumulative $1.375 per share
 preferred stock
 9.32 percent cumulative preferred stock $2.33 per share
 7.68 percent cumulative preferred stock $1.92 per share
 7.45 percent cumulative preferred stock $1.8625 per share
 7.36 percent cumulative preferred stock $1.84 per share
 Dividends of $1.055 per share are payable April 15 to shareholders of record March 18 on the previously announced 7.75 percent cumulative preferred stock series to be issued Feb. 25.
 Detroit Edison will pay accrued dividends through March 25 for two cumulative preferred and one preference stock series it will redeem March 26. The affected stock series, payable March 26, are:
 9.60 percent cumulative preferred stock $1.867 per share
 9.72 percent cumulative preferred stock $1.89 per share
 $2.28 Series preference stock $0.44325 per share
 -0- 2/22/93
 /CONTACT: Lorie N. Kessler, 313-237-8807, or Mary Kay Bean, 313-237-8809, both of Detroit Edison/
 (DTE)


CO: Detroit Edison ST: Michigan IN: UTI OIL SU: DIV

JG -- DE014 -- 0006 02/22/93 12:37 PST
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Publication:PR Newswire
Date:Feb 22, 1993
Words:278
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