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FANNIE MAE ANNOUNCES DIVIDEND INCREASE

 WASHINGTON, Oct. 19 /PRNewswire/ -- The Board of Directors of the Federal National Mortgage Association (Fannie Mae) (NYSE: FNM) today voted to increase its quarterly dividend on its common stock to 52 cents ($0.52) per share for the previous quarter from 46 cents ($0.46).
 The dividend will be payable on Nov. 25, 1993, to shareholders of record as of the close of business Oct. 29, 1993.
 Fannie Mae is a congressionally chartered, shareholder-owned company and the nation's largest source of home mortgage funds.
 -0- 10/19/93
 /CONTACT: Tom Marder of Fannie Mae, 202-752-7608/
 (FNM)


CO: Fannie Mae ST: District of Columbia IN: FIN SU: DIV

KD-IH -- DC019 -- 3942 10/19/93 11:48 EDT
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Publication:PR Newswire
Date:Oct 19, 1993
Words:116
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