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HERITAGE FINANCIAL SERVICES DECLARES REGULAR QUARTERLY DIVIDEND; RATE CONSISTENT WITH PAYOUT PRIOR TO TWO-FOR-ONE STOCK SPLIT

 HERITAGE FINANCIAL SERVICES DECLARES REGULAR QUARTERLY DIVIDEND;
 RATE CONSISTENT WITH PAYOUT PRIOR TO TWO-FOR-ONE STOCK SPLIT
 TINLEY PARK, Ill., July 15 /PRNewswire/ -- The board of directors of Heritage Financial Services, Inc. (NASDAQ-NMS: HERS) late yesterday declared a regular quarterly dividend of 7-1/2 cents per share, payable Aug. 7, 1992, to shareholders of record at the close of business on July 27, 1992.
 The dividend is consistent with the 15 cents per share paid in the preceding quarter, prior to the company's two-for-one stock split announced in April. The split, which was distributed on May 15, 1992, increased Heritage Financial Services' issued and outstanding common shares to approximately 7.8 million from approximately 3.9 million.
 Heritage Financial Services, Inc. is a multibank holding company with assets in excess of $742 million. It is headquartered in southwest suburban Chicago and operates nine banking offices located in Tinley Park (2), Orland Park, Oak Lawn, Crestwood, Palos Heights, Mokena, Blue Island and Country Club Hills. The company also operates a trust company which serves all locations.
 -0- 7/15/92 R
 /CONTACT: Paul A. Eckroth, senior vice president & treasurer of Heritage financial Services, 708-532-8008, ext. 2239/
 (HERS) CO: Heritage Financial Services Inc. ST: Illinois IN: FIN SU: DIV


TS-SM -- NY038 -- 9531 07/15/92 12:12 EDT
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Publication:PR Newswire
Date:Jul 15, 1992
Words:215
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