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FLEET MORTGAGE GROUP DECLARES COMMON STOCK DIVIDEND

 FLEET MORTGAGE GROUP DECLARES COMMON STOCK DIVIDEND
 COLUMBIA, S.C., Sept. 21 /PRNewswire/ -- The Boar ?of Directors of


Fleet Mortgage Group (NYSE: FLG) today declared a regular quarterly dividend of 15 cents per share on its common stock, it was announced by Andrew D. Woodward, Jr., president and chief executive officer.
 The dividend will be payable on Oct. 15, 1992, to stockholders of record on Oct. 2, 1992.
 Fleet Mortgage Group, the country's second largest producer of single family mortgage loans in 1991, originates mortgage loans through 92 retail branch offices located in 35 states and acquires mortgage loans from other mortgage lenders. The company's portfolio of mortgage loans serviced, which totaled $61 billion at the end of June 1992, was the second largest in the industry.
 Fleet Mortgage Group (NYSE: FLG) is the mortgage banking subsidiary of the Fleet Financial Group, which holds approximately 81 percent of the company's 49,545,000 shares of common stock. The remaining shares were sold in a public offering on Aug. 7, 1992.
 -0- 9/21/92
 /CONTACT: Kevin Race, senior vice president and treasurer, 803-929-7919; or Charles T. Conway, Jr., 401-278-6240 (media), both of Fleet Mortgage Group/
 (FLG) CO: Fleet Mortgage Group; Fleet Financial Group ST: South Carolina, Rhode Island IN: FIN SU: DIV


CH -- NE018 -- 1704 09/21/92 13:03 EDT
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Publication:PR Newswire
Date:Sep 21, 1992
Words:221
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