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MELLON BANK CORPORATION DECLARES QUARTERLY DIVIDENDS

 PITTSBURGH, July 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; Mellon Series J preferred stock (NYSE: MEL Pr J) at the rate of $2.125 per share per annum; and Mellon Series K preferred stock (NYSE: MEL Pr K) at the rate of $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 Aug. 16, 1993, to shareholders of record at the close of business on July 30, 1993.
 With assets of approximately $36 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, mortgage banking and information services.
 /delval/
 -0- 7/20/93
 /CONTACT: Charles M. Johnston, analysts, 412-234-5601, or Tilda Walsh, media, 412-234-5873, both of Mellon Bank/
 (MEL)


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

CD -- PG012 -- 6774 07/20/93 11:46 EDT
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Publication:PR Newswire
Date:Jul 20, 1993
Words:295
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