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PAINEWEBBER INCREASES QUARTERLY CASH DIVIDEND

 PAINEWEBBER INCREASES QUARTERLY CASH DIVIDEND
 NEW YORK, May 12 /PRNewswire/ -- The board of directors of


PaineWebber Group Inc. (NYSE: PWJ) today increased its effective dividend payment by 20 percent by declaring a quarterly cash dividend of 12 cents per common share, payable on July 3, 1992, to holders of record on June 1, 1992.
 In addition, the board declared a regular quarterly cash dividend of $0.34375 per share on the $1.375 convertible exchangeable preferred stock, payable on June 15, 1992, to holders of record on June 1, 1992.
 PaineWebber Group Inc. is the parent company of PaineWebber Incorporated and PaineWebber International, which together serve the investment and capital needs of a worldwide client base.
 -0- 5/12/92
 /CONTACT: Beverly T. Spano of PaineWebber Incorporated, 201-902-6775; or Jeffrey Z. Taufield of Kekst and Company, 212-593-2655, for PaineWebber/
 (PWJ) CO: PaineWebber Group Inc. ST: New York IN: FIN SU: DIV


GK-CK -- NY042 -- 9041 05/12/92 10:44 EDT
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Publication:PR Newswire
Date:May 12, 1992
Words:160
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