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ILLINOIS CENTRAL CORP. INCREASES CASH DIVIDEND 50 PERCENT

 ILLINOIS CENTRAL CORP. INCREASES CASH DIVIDEND 50 PERCENT
 CHICAGO, Sept. 10 /PRNewswire/ -- The board of directors of Illinois Central Corp. (NYSE: IC) today increased the quarterly dividend 5 cents to 15 cents per share on the company's outstanding common stock. The dividend is payable on Oct. 7, 1992, to stockholders of record at the close of business on Sept. 21, 1992.
 The company said the 50 percent increase in dividend reflects its confidence in the long-term growth and profitability of Illinois Central Railroad. Chairman and Chief Executive Officer Edward L. Moyers added, "We remain highly focused on the operation and market expansion of our railroad for the benefit of our investors."
 Additionally, the company has introduced a dividend reinvestment and stock purchase service, which is offered without administrative cost to its shareholders. This service allows the reinvestment of Illinois Central dividends for the purchase of additional shares of IC stock. A second feature of the service provides a convenient method for a shareholder to purchase a limited number of additional shares of IC stock.
 -0- 9/10/92
 /CONTACT: Ann G. Thoma of Illinois Central Corp., 312-819-7491/
 (IC) CO: Illinois Central Corp. ST: Illinois IN: TRN SU: DIV


TS -- NY017 -- 7843 09/10/92 08:59 EDT
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Publication:PR Newswire
Date:Sep 10, 1992
Words:207
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