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NATIONAL CITY CORPORATION INCREASES COMMON STOCK DIVIDEND BY 10.6 PERCENT

 CLEVELAND, Jan. 4 /PRNewswire/ -- National City Corporation (NYSE: NCC) today announced a 10.6 percent increase in the quarterly dividend on its common stock.
 The new quarterly dividend of $.52 per share, which is $.05 higher than the previous $.47 dividend, will be payable Feb. 1, 1993 to stockholders of record on Jan. 13, 1993. The new quarterly dividend indicates an annual rate of $2.08 per share.
 "This action reaffirms our improved earnings performance and capital strength," said Edward B. Brandon, National City's chairman and chief executive officer. "We are pleased to deliver to stockholders a tangible return on their investment while maintaining superior capital ratios," he added.
 A dividend on the corporation's preferred stock was also declared. The dividend of $1.00 per depositary share, representing a one-fifth interest in a share of the 8 percent Cumulative Convertible Preferred Stock, is payable Feb. 1, 1993, to stockholders of record Jan. 13, 1993. The annual preferred dividend rate is $4.00 per depositary share.


Profile of National City Corporation
 National City Corporation is a $29 billion diversified financial services company headquartered in Cleveland. National City operates banks and other financial service subsidiaries principally in Ohio, Kentucky and Indiana.
 -0- 1/4/92
 /CONTACT: Thomas A. Richlovsky, senior vice president & treasurer; 216-575-2126; or Janis E. Lyons, vice president, investor relations; 216-575-3329; both of National City Corporation/
 (NCC)


CO: National City Corporation ST: Ohio IN: FIN SU: DIV

KK -- CL003 -- 1191 01/04/93 09:17 EST
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Publication:PR Newswire
Date:Jan 4, 1993
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