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NYSEG DECLARES DIVIDENDS

 BINGHAMTON, N.Y., Jan.7 /PRNewswire/ -- The board of directors of New York State Electric & Gas Corporation (NYSEG) (NYSE: NGE) today declared a quarterly dividend of 55 cents per share on the common stock of the corporation payable Feb. 15, 1994, to holders of record Jan. 25, 1994. The dividend is the same as last quarter.
 The board also declared quarterly dividends on the following series of preferred stock payable April 1, 1994, to holders of record at the close of business March 9, 1994:
 Series Dividend Per Share
 3.75% 93.75 cents
 4-1/2% $1.125
 6.48% $1.62
 8.95% ($25 par value) 55.9375 cents
 7.40% ($25 par value) 46.25 cents
 6.30% ($100 par value) $1.575
 Adjustable rate series B 32 cents
 In addition, the board declared dividends on the following series of preferred stock which are being redeemed on Jan. 10, 1994; Jan. 18, 1994; and Feb. 1, 1994, respectively.
 -- Adjustable rate series A: 4.6875 cents per share payable
 Jan. 10, 1994, to holders of record at the close of business
 on Jan. 9, 1994.
 -- 8.80% cumulative ($100 par value): 41.5556 cents per share
 payable Jan. 18, 1994, to holders of record at the close of
 business on Jan. 17, 1994.
 -- 8.48% cumulative ($25 par value): 18.2556 cents per
 share payable Feb. 1, 1994, to holders of record at
 the close of business on January 31, 1994.
 -0- 1/7/94
 /CONTACT: Clayton Ellis, media specialist, of New York State Electric & Gas Corporation, 607-762-4301/
 (NGE)


CO: New York State Electric & Gas Corporation ST: New York IN: UTI SU: DIV

KL -- CL011 -- 0234 01/07/94 15:31 EST
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Publication:PR Newswire
Date:Jan 7, 1994
Words:283
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