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FLEET FINANCIAL GROUP DECLARES PREFERRED STOCK DIVIDENDS

 PROVIDENCE, R.I., Oct. 20 /PRNewswire/ -- The board of directors of Fleet Financial Group (NYSE: FLT) today declared the following quarterly dividends on the corporation's preferred stock:
 -- $.6325 per depositary share on Fleet's Series III 10.12 percent Perpetual Preferred Stock (FLT pr B), and $.5859 per depositary share on its Series IV 9.375 percent Perpetual Preferred Stock (FLT pr C). These dividends will be payable on Dec. 1, 1993, to stockholders of record on Nov. 15, 1993.
 -- $.75 per share on Fleet's preferred stock with cumulative and adjustable dividends, $1 par value (FLT pr), and $.75 per share on Fleet's preferred stock with cumulative and adjustable dividends, $20 par value (FLT pr A). These dividends are payable on Dec. 1, 1993, to stockholders of record on Nov. 15, 1993.
 Fleet Financial Group is a $47-billion diversified financial services company listed on the New York Stock Exchange with approximately 1,200 offices nationwide. Its lines of business include commercial and consumer banking, mortgage banking, consumer finance, asset-based lending, investment management, and student loan processing.
 -0- 10/20/93
 /CONTACT: Robert W. Lougee, Jr., vice president and director, corporate communications, 401-278-5879; or Bruce P. Crooks, 401-278-6241; or Thomas L. Lavelle, 401-278-3003 (media); or Judith B. Ragge, 401-278-6444 (investor); all of Fleet Financial Group/
 (FLT)


CO: Fleet Financial Group ST: Rhode Island IN: FIN SU: DIV

CM-DJ -- NE008 -- 4642 10/20/93 13:56 EDT
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Publication:PR Newswire
Date:Oct 20, 1993
Words:234
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