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GULF STATES UTILITIES CO. DECLARES DIVIDENDS

    BEAUMONT, Texas, Aug. 5 /PRNewswire/ -- The executive committee of the board of directors of Gulf States Utilities Co. (NYSE: GSU) today (Aug. 5) declared the regular quarterly payment of preferred stock dividends and the initial dividend on the new preference stock.
    More than $5 million in dividends will be paid to the owners of the almost 2.5 million shares of preferred stock outstanding, and almost $3 million to the owners of the 6 million shares of preference stock outstanding.  The payment to preference stockholders includes a partial dividend covering the June 3-June 14 period of the second quarter.
    The payment will be made Sept. 15 to shareholders of record Aug. 23.
    Gulf States is a Beaumont, Texas-based utility serving more than 592,000 customers along the Gulf Coast between Houston and New Orleans.
    -0-             08/05/93
    CONTACT:  Sharon Englade of Gulf States Utilities Company, 409-839-2814
    (GSU) CO:  GULF STATES UTILITIES CO. IN:  UTI SU:  DIV ST:  TX


-- NY074 -- X295 08/05/93
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Publication:PR Newswire
Date:Aug 5, 1993
Words:164
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