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HERITAGE FINANCIAL SERVICES RAISES DIVIDEND 7 PERCENT

 HERITAGE FINANCIAL SERVICES RAISES DIVIDEND 7 PERCENT
 TINLEY PARK, Ill., Jan. 15 /PRNewswire/ -- The board of directors of Heritage Financial Services, Inc. (NASDAQ: HERS) late yesterday voted to raise its annual dividend rate to 60 cents per share, an increase of 7 percent. This is the company's sixth consecutive annual dividend increase since Heritage Financial Services became a publicly traded company in 1986.
 The directors also declared a quarterly dividend of 15 cents per share, payable Feb. 7, 1992, to shareholders of record at the close of business on Jan. 27, 1992.
 Heritage Financial Services, Inc. is a multibank holding company headquartered in southwest suburban Chicago. It operates nine banking offices located in Tinley Park (two), 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- 1/15/92
 /CONTACT: Paul A. Eckroth, senior vice president and treasurer of Heritage Financial Services, 708-532-8000, ext. 2239/
 (HERS) CO: Heritage Financial Services, Inc. ST: Illinois IN: FIN SU: DIV


CK-OS -- NY032 -- 9919 01/15/92 10:41 EST
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Publication:PR Newswire
Date:Jan 15, 1992
Words:182
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