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GWC CORPORATION DECLARES REGULAR QUARTERLY DIVIDEND

 WILMINGTON, Del., Nov. 2 /PRNewswire/ -- The directors of GWC Corporation (NASDAQ-NMS: GWCC) today declared a quarterly dividend of 25 cents per common share, payable Dec. 1, 1993, to stockholders of record on Nov. 16.
 Under the company's dividend policy, quarterly dividends of 25 cents per share are paid each March 1, June 1, Sept. 1 and Dec. 1 for an annual rate of $1 per share of common stock.
 GWC Corporation, headquartered in Wilmington, is a water and wastewater utility holding company that is also engaged in non-regulated activities. GWC's shares are traded over-the-counter in the NASDAQ National Market System under the symbol "GWCC." The company has 11,066,600 common shares outstanding.
 /delval/
 -0- 11/2/93
 /CONTACT: Joseph V. Boyle, vp and treasurer of General Waterworks Management and Service Company, 215-278-2965/
 (GWCC)


CO: GWC Corporation ST: Delaware IN: UTI SU: DIV

MP-LJ -- PH002 -- 9540 11/02/93 09:33 EST
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Publication:PR Newswire
Date:Nov 2, 1993
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