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DOWNEY SAVINGS DECLARES DIVIDEND INCREASE

 NEWPORT BEACH, Calif, April 28 /PRNewswire/ -- The board of directors of Downey Savings and Loan Association (NYSE: DSL) today declared a quarterly cash dividend of $0.09 per share payable on May 21, 1993, to shareholders of record on May 7, 1993. This dividend represents a $0.01 per share or 12.5 percent increase from the previous quarterly amount.
 Downey Savings, with assets of $3.5 billion, has 51 offices throughout California.
 -0- 4/28/93
 /CONTACT: Thomas E. Prince, CFO of Downey Savings, 714-509-4440/
 (DSL)


CO: Downey Savings ST: California IN: FIN SU: DIV

EH -- LA033 -- 2132 04/28/93 14:17 EDT
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Publication:PR Newswire
Date:Apr 28, 1993
Words:105
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