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Florida Progress Corporation Declares Regular Quarterly Dividend Of 51 1/2 Cents Per Share

ST. PETERSBURG, Fla., Nov. 21 /PRNewswire/ -- The board of directors of Florida Progress Corporation (NYSE: FPC) today declared a regular quarterly cash dividend of 51 1/2 cents per share on the company's outstanding common stock, announced Jeffrey R. Heinicka, senior vice president and chief financial officer.

The dividend is payable on December 20, 1996 to shareholders of record at the close of business December 2, 1996.

Florida Progress is a Fortune 500 diversified utility holding company with assets of $5.6 billion. Its principal subsidiary is Florida Power, the state's second-largest electric utility with about 1.3 million customers. Diversified operations include coal mining, marine operations, rail services and life insurance.

SOURCE Florida Progress Corporation
 -0- 11/21/96


/CONTACT: Karen Raihill, Florida Progress Corporation, 813-866-5023/

(FPC)

CO: Florida Progress Corporation ST: Florida IN: UTI SU: DIV

VP-KW -- FLTH020 -- 5570 11/21/96 16:23 EST http://www.prnewswire.com
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Publication:PR Newswire
Date:Nov 21, 1996
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