NATIONSBANK ANNOUNCES DIVIDEND INCREASE
CHARLOTTE, N.C., July 28 /PRNewswire/ -- The Board of Directors of NationsBank Corporation (NYSE: NB) today approved a 5-percent increase in the quarterly cash dividend on its common stock. The dividend will increase to 42 cents per share from 40 cents. It is payable September 24 to shareholders of record September 3. "One of our principal objectives is to provide shareholder value," said Hugh L. McColl, Jr., NationsBank chairman and CEO. "We are pleased that our corporate strategy has been so successful. It enables us to share our prosperity with our shareholders." Today's action marks the 11th time in the past 10 years the company has increased its dividend. Since 1983, the compound annual growth rate in the
dividend has been nearly 13 percent.
NationsBank Corporation is the fifth-largest banking company in the United States with $124 billion in total assets and full-service banks in nine states and the District of Columbia. -0- 7/28/93 /CONTACT: Tim Lubinsky, 704-386-4340 (media), or Rusty Page,
704-386-5667 (analysts), both of NationsBank Corporation/
CO: NationsBank Corporation ST: North Carolina IN: FIN SU: DIV
CM -- CH004 -- 7262 07/28/93 11:34 EDT