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GWC CORPORATION DECLARES REGULAR QUARTERLY DIVIDENDS

 WILMINGTON, Del., Aug. 2 /PRNewswire/ -- The directors of GWC Corporation (NASDAQ-NMS: GWCC) today declared quarterly common and preferred dividends payable Sept. 1, 1993, to stockholders of record on Aug. 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 $1.90625 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- 8/2/93
 /CONTACT: Joseph V. Boyle, vp and treasurer of GWC, 215-278-2965/
 (GWCC)


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

JM-MJ -- PH012 -- 8264 08/02/93 10:12 EDT
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Publication:PR Newswire
Date:Aug 2, 1993
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