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GWC CORPORATION DECLARES REGULAR QUARTERLY DIVIDENDS

 GWC CORPORATION DECLARES REGULAR QUARTERLY DIVIDENDS
 WILMINGTON, Del., Nov. 2 /PRNewswire/ -- The directors of


GWC Corporation (NASDAQ-NMS: GWCC) today declared quarterly common and preferred dividends payable Dec. 1, 1992, to stockholders of record on Nov. 16.
 The dividend on the common stock will be $.25 per share and the dividend on the Series A 7-5/8 percent Cumulative Preferred Stock ($100 stated value per share) will be $1.44028 per share. Under the company's dividend policy, quarterly dividends are paid each March 1, June 1, Sept. 1 and Dec. 1. The common dividend is at the annual rate of $1 per share and the preferred dividend is at the annual rate of $7.625 per share.
 GWC Corporation, headquartered in Wilmington, is a water and wastewater utility holding company that is also engaged in non-regulated activities. GWC's common shares are traded Over-the-Counter in the NASDAQ National Market System under the symbol "GWCC." The company has 11,066,600 common shares and 300,000 Series A preferred shares outstanding.
 /delval/
 -0- 11/2/92
 /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


MK-LJ -- PH012 -- 1486 11/02/92 10:18 EST
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Publication:PR Newswire
Date:Nov 2, 1992
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