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MELLON BANK CORPORATION DECLARES QUARTERLY DIVIDENDS

 PITTSBURGH, April 20, /PRNewswire/ -- At its regular meeting, the board of directors of Mellon Bank Corporation (NYSE: MEL) today declared a quarterly dividend of $.38 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 H preferred stock (NYSE: MEL Pr H) at the rate of $2.60 per share per annum; Mellon Series I preferred stock (NYSE: MEL Pr I) at the rate of $2.40 per share per annum; and Mellon Series J preferred stock (NYSE: MEL Pr J) at a rate of $2.125 per share per annum.
 A dividend of $.62639 per share was declared by the board on the Mellon Series K preferred stock (NYSE: MEL Pr K), representing the dividend for the period since the Series K was issued on January 25, 1993. The fixed dividend rate for the Mellon Series K preferred stock is $2.05 per share per annum. In addition, the board declared a quarterly dividend on Mellon Series D junior preferred stock of $.437 per share.
 Dividends on Mellon common stock, Series B preferred stock, Series D junior preferred stock, Series H preferred stock, Series I preferred stock, Series J preferred stock and Series K preferred stock are payable on May 17, 1993, to shareholders of record at the close of business on April 30, 1993.
 With assets of approximately $31 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- 4/20/93
 /CONTACT: Charles M. Johnston, analysts, 412-234-5601, or J.T. Tuskan, media, 412-234-0850, both of Mellon Bank Corporation/
 (MEL)


CO: Mellon Corporation ST: Pennsylvania IN: FIN SU: DIV

KC -- PG010 -- 8061 04/20/93 12:12 EDT
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Publication:PR Newswire
Date:Apr 20, 1993
Words:334
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