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DETROIT EDISON INCREASES DIVIDEND

 DETROIT EDISON INCREASES DIVIDEND
 DETROIT, Feb. 24 /PRNewswire/ -- The Detroit Edison (NYSE: DTE)


board of directors today increased the company's quarterly common stock dividend by 2.5 cents per share. The company also announced plans for capital spending to improve electric service to its 1.9 million customers in southeastern Michigan of $375 million in 1992 and $1.9 billion for the five years 1992 to 1996.
 The indicated annual dividend is now $1.98 per share, up 5.3 percent from $1.88 per share. The common stock dividend was last increased -- also by an annual rate of 10 cents per share -- in February 1991.
 The next quarterly dividend of 49.5 cents per share will be payable April 15, 1992, to shareholders of record at the close of business March 19.
 Additional dividends declared by the board are as follows:
 5.50 percent convertible cumulative
 preferred stock $1.375 per share
 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
 9.72 percent cumulative preferred stock $2.43 per share
 9.60 percent cumulative preferred stock $2.40 per share
 $2.75 Series preference stock $0.6875 per share
 $2.75 Series B preference stock $0.6875 per share
 $2.28 Series preference stock $0.57 per share
 -0- 2/24/92
 /CONTACT: Lorie N. Kessler, 313-237-8807, or Scott L. Simons, 313-237-8808, both of Detroit Edison/
 (DTE) CO: Detroit Edison ST: Michigan IN: UTI SU: DIV


JG -- DE046 -- 2002 02/24/92 15:15 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Feb 24, 1992
Words:278
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