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ITT CORPORATION INCREASES DIVIDEND

 ITT CORPORATION INCREASES DIVIDEND
 NEW YORK, Feb. 11 /PRNewswire/ -- The board of directors of ITT


Corporation (NYSE: ITT) today announced an increase in the annual dividend rate on the company's common stock to $1.84 from $1.72. The board voted to increase the quarterly dividend by 3 cents -- from 43 cents to 46 cents per share -- payable on April 1, 1992 to shareholders of record at the close of business on Feb. 21, 1992.
 Rand V. Araskog, ITT chairman, president, and chief executive, said "the decision to increase the dividend at this time reflects the board of directors' confidence in our sound overall financial position.
 -0- 2/11/92
 /CONTACT: Jim Gallagher of ITT, 212-258-1261/
 (ITT) CO: ITT Corporation ST: New York IN: SU: DIV


KD -- NY061 -- 8914 02/11/92 15:30 EST
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Publication:PR Newswire
Date:Feb 11, 1992
Words:135
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