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HOUSTON LIGHTING & POWER DECLARES DIVIDENDS

 HOUSTON LIGHTING & POWER DECLARES DIVIDENDS
 HOUSTON, Aug. 5 /PRNewswire/ -- At a meeting held today, the board


of directors of Houston Lighting & Power Company (HL&P) declared a cash dividend of $1.66 on its adjustable rate cumulative preferred stock, Series A, and a cash dividend of $1.60 on its adjustable rate cumulative preferred stock, Series B.
 The board also declared the regular quarterly dividends on the $6.72, $7.52, $8.12, $8.50 and $9.375 series preferred stock.
 HOUSTON INDUSTRIES INCORPORATED
 Series Quarterly cash Number of Quarterly cash
 dividend amount shares dividend number
 $6.72 $1.68 250,000 97
 7.52 1.88 500,000 80
 8.12 2.03 500,000 60
 A 1.66 500,000 34
 B 1.60 500,000 29
 8.50 2.125 1,000,000 21
 9.375 2.34375 1,285,000 14
 All dividends are payable on Oct. 1, 1992 to shareholders of record at the close of business on Sept. 16, 1992.
 -0- 8/5/92
 /CONTACT: Sandy Brendler, 713-629-3123, or Dan Bulla, 713-629-3120, both of Houston Industries/
 (HOU) CO: Houston Lighting & Power Company ST: Texas IN: UTI SU: DIV


SM-LR -- NY074 -- 7246 08/05/92 16:10 EDT
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Publication:PR Newswire
Date:Aug 5, 1992
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