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MBIA INC. INCREASES QUARTERLY DIVIDEND 24 PERCENT TO $.21 A SHARE

 MBIA INC. INCREASES QUARTERLY DIVIDEND 24 PERCENT TO $.21 A SHARE
 ARMONK, N.Y., Sept. 17 /PRNewswire/ -- MBIA Inc. (NYSE: MBI) announced today that its board of directors increased the quarterly dividend 24 percent to $.21 per share, from $.17 per share. The dividend is payable Oct. 15 to shareholders of record as of Sept. 28, 1992.
 David H. Elliott, president and chief executive officer, said, "This is the fifth consecutive annual increase in MBIA's dividend rate since the dividend was established in 1987. The increase reflects the company's inherent earnings strength and the positive outlook for its business."
 MBIA Inc., through its wholly owned subsidiary, MBIA Corporation, is the leading insurer of municipal bonds, including new issues and bonds traded in the secondary market. The company also guarantees high quality obligations offered by qualified financial institutions and provides investment management services for school districts and municipalities. MBIA Corporation has claims paying ratings of Triple-A from Moody's Investors Service and Standard & Poor's Corporation and all municipal bonds insured by MBIA receive these ratings. MBIA Inc. is listed on the New York Stock Exchange (symbol: MBI).
 -0- 9/17/92
 /CONTACT: Michael C. Ballinger of MBIA, 914-765-3893/
 (MBI) CO: MBIA Inc. ST: New York IN: FIN SU: DIV


CK -- NY035 -- 0564 09/17/92 10:47 EDT
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Publication:PR Newswire
Date:Sep 17, 1992
Words:216
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