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GETTY PETROLEUM REPORTS CASH DIVIDEND, RESULTS OF SHAREHOLDER MEETING AND ELECTION OF DIRECTORS

 GETTY PETROLEUM REPORTS CASH DIVIDEND, RESULTS OF SHAREHOLDER
 MEETING AND ELECTION OF DIRECTORS
 JERICHO, N.Y., June 18 /PRNewswire/ -- Leo Liebowitz, president and chief executive officer of Getty Petroleum Corp. (NYSE: GTY) reported that, at the board of directors meeting held this morning, the board of directors voted on and approved its 70th consecutive cash dividend in the amount of $.02 (two cents) payable on July 2, 1992 to holders of record on July 15, 1992. The dividend is payable on approximately 12.6 million currently outstanding shares of common stock.
 The annual shareholders meeting was also held this morning. There were represented in person or by proxy 11,488,166 shares or 91 percent of the issued and outstanding common stock of the company. Milton Cooper, Leo Liebowitz, Herbert Lotman, Milton Safenowitz and Howard Silverman were re-elected directors.
 Getty Petroleum Corp., one of the nation's largest independent marketers of gasoline and petroleum products, markets in a thirteen state area, Maine through Virginia. The company is also a marketer of heating oil and is a wholesale distributor of a variety of petroleum products through its east coast petroleum storage and distribution network.
 -0- 6/18/92
 /CONTACT: Stephen Salzman of Getty Petroleum, 516-338-1212/
 (GTY) CO: Getty Petroleum Corp. ST: New York IN: OIL SU: DIV


TQ-OS -- NY046 -- 1543 06/18/92 13:29 EDT
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Publication:PR Newswire
Date:Jun 18, 1992
Words:224
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