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DUKE POWER DECLARES QUARTERLY DIVIDEND

 CHARLOTTE, N.C., July 26 /PRNewswire/ -- Duke Power Co.'s (NYSE: DUK) board of directors voted to increase the quarterly cash dividend on the company's common stock to 47 cents a share -- up from its present level of 45 cents a share. The dividend is payable on Sept. 16, 1993, to shareholders of record on Aug. 13, 1993.
 This is the 67th consecutive year that the utility has paid quarterly cash dividends on its common stock and the 18th consecutive year the board has raised the quarterly dividend.
 The utility's board of directors also announced that the company will be paying quarterly dividends on its preferred stock on Sept. 16 to shareholders of record on Aug. 13.
 -0- 7/26/93
 /CONTACT: Randy Wheeless of Duke Power, 704-382-8379 or 704-594-0681/
 (DUK)


CO: Duke Power Co. ST: North Carolina IN: UTI SU: DIV

CM -- CH017 -- 5856 07/26/93 16:11 EDT
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Publication:PR Newswire
Date:Jul 26, 1993
Words:151
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