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DOMINGUEZ SERVICES CORP. INCREASES DIVIDEND

 CARSON, Calif., Jan. 27 /PRNewswire/ -- The Dominguez Services Corp. (NASDAQ: DOMZ) board of directors voted at its Jan. 26 meeting to raise the quarterly dividend 6 percent on the 1,004,370 outstanding shares of common stock, from 25 cents to 26-1/2 cents per share, payable on March 15, 1993, to shareholders of record as of Feb. 19, 1993. The board anticipates earnings to be sufficient to warrant the higher dividend, based on the nearly $2 million, 11.2 percent rate increase approved by the Public Utilities Commission, for 1993.
 The action continues the board's longstanding practice of increasing dividends annually. This is the 118th consecutive declaration of quarterly dividends by the company.
 The board of directors also declared the regular quarterly dividend on class A, preferred stock in the amount of 31-1/4 cents per share, payable on March 15, 1993, to shareholders of record as of Feb. 19, 1993.
 Dominguez Services Corp.'s common stock is authorized for trading on NASDAQ under the symbol DOMZ. Focusing efforts on efficient resource management, the company's South Bay, Kern River Valley and Antelope Valley Divisions provide water service to more than 35,000 customers.
 -0- 1/27/93
 /CONTACT: Rubye Rittgers of Dominguez Services, 310-834-2625, ext. 343/
 (DOMZ)


CO: Dominguez Services Corp. ST: California IN: UTI SU: DIV

BP-MS -- LA022 -- 9724 01/27/93 13:55 EST
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Publication:PR Newswire
Date:Jan 27, 1993
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