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FLEET/NORSTAR FINANCIAL GROUP DECLARES PREFERRED STOCK DIVIDENDS

 FLEET/NORSTAR FINANCIAL GROUP DECLARES PREFERRED STOCK DIVIDENDS
 PROVIDENCE, R.I., Jan. 15 /PRNewswire/ -- The board of directors of Fleet/Norstar Financial Group (NYSE: FNG) today declared a dividend of 75 cents on the corporation's preferred stock with cumulative and adjustable dividends, $1 par value. A dividend of 75 cents per share also was declared on the corporation's preferred stock with cumulative and adjustable dividends, $20 par value.
 The board declared a regular quarterly dividend of $.6325 per depositary share on the corporation's Series III 10.12 percent Perpetual Preferred Stock.
 The board also declared the initial dividend of $.5664 per depositary share on the corporation's Series IV 9.375 percent Perpetual Preferred Stock.
 The preferred stock dividends will be payable on March 1, 1992 to stockholders of record on Feb. 15, 1992.
 Fleet/Norstar Financial Group is a diversified financial services company listed on the New York Stoock Exchange (NYSE: FNG). Fleet/Norstar has approximately 1,300 offices nationwide. Its lines of business include commercial and consumer banking, mortgage banking, consumer finance, asset-based lending, trust banking, and student loan processing.
 -0- 1/15/92
 /CONTACT: Robert W. Lougee, Jr., 401-278-5879, Charles T. Conway, 401-278-6240, Bruce P. Crooks, 401-278-6241, or Thomas L. Lavelle, 617-573-7733, all of Fleet/Norstar/ CO: Fleet/Norstar Financial Group ST: Rhode Island IN: FIN SU: DIV


TM -- NE009 -- 0015 01/15/92 12:47 EST
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Publication:PR Newswire
Date:Jan 15, 1992
Words:229
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