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MELLON BANK CORPORATION DECLARES QUARTERLY DIVIDENDS

 MELLON BANK CORPORATION DECLARES QUARTERLY DIVIDENDS
 PITTSBURGH, April 21 /PRNewswire/ -- At its regular meeting, the board of directors of Mellon Bank Corporation (NYSE: MEL) today declared a quarterly dividend of $.35 per share on the corporation's common stock.
 This represents no change from the previous quarterly amount.
 The board also declared quarterly dividends on Mellon Series B preferred stock (NYSE: MEL Pr B) at the rate of $1.6875 per share per annum; Mellon Series C-2 preferred stock at the rate of $8.75 per share per annum; Mellon Series H preferred stock (NYSE: MEL Pr H) at the rate of $2.60 per share per annum; and Mellon Series I preferred stock (NYSE: MEL Pr I) at the rate of $2.40 per share per annum.
 A dividend of $.67882 per share was declared by the board on the Mellon Series J preferred stock (NYSE: MEL Pr J), representing the dividend for the period since the Series J was issued on Jan. 21, 1992. The fixed dividend rate for the Mellon Series J preferred stock is $2.125 per share per annum. In addition, the board declared a quarterly dividend on Mellon Series D junior preferred stock of $.4025 per share.
 Dividends on Mellon common stock, Series B preferred stock, Series D junior preferred stock, Series H preferred stock, Series I preferred stock and Series J preferred stock are payable on May 15, 1992 to shareholders of record at the close of business on April 30, 1992.
 Dividends for Mellon Series C-2 preferred stock are payable on May 15, 1992, to shareholders of record at the close of business on May 1, 1992.
 With assets of approximately $30 billion, Mellon Bank Corporation is a major superregional bank holding company. Through its subsidiaries, it provides wholesale, middle market and retail banking, as well as numerous service products including trust and investment, cash management, and financial data processing.
 /delval/
 -0- 4/21/92
 /CONTACT: Charles M. Johnston, analysts, 412-234-5601, or J.T. Tuskan, media, 412-234-0850, both of Mellon Bank Corporation/
 (MEL) CO: Mellon Bank Corporation ST: Pennsylvania IN: FIN SU: DIV


CD -- PG001 -- 0635 04/21/92 12:14 EDT
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Publication:PR Newswire
Date:Apr 21, 1992
Words:359
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