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ILLINOIS CENTRAL CORPORATION DECLARES QUARTERLY DIVIDEND OF 15 CENTS

 CHICAGO, Nov. 24 ~PRNewswire~ -- The board of directors of Illinois Central Corp. (NYSE: IC) today declared a quarterly dividend of 15 cents per share on the company's outstanding common stock. The dividend is payable on Jan. 7, 1993, to stockholders of record at the close of business on Dec. 17, 1992.
 The company declared its first dividend in February of this year. In September, the dividend was increased 50 percent to the current quarterly level of 15 cents per share. Also in September, the company introduced a dividend reinvestment and stock purchase service, which is offered without administrative cost to its shareholders.
 -0- 11~24~92
 ~CONTACT: Ann G. Thoma, corporate relations of Illinois Central, 312-755-7591~
 (IC)


CO: Illinois Central Corp. ST: Illinois IN: TRN SU: DIV

SH -- NY062 -- 1162 11~24~92 14:52 EST
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Publication:PR Newswire
Date:Nov 24, 1992
Words:136
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