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PEI AND PG&W DECLARE FOURTH QUARTER DIVIDENDS

 WILKES-BARRE, Pa., Oct. 27 /PRNewswire/ -- Pennsylvania Enterprises, Inc. (NASDAQ: PENT) (PEI) declared a dividend for the fourth quarter of 1993 of $.55 per common share.
 Also, Pennsylvania Gas and Water Company (PG&W), the utility operating subsidiary of PEI, declared dividends for the fourth quarter for all series of its preferred stock. All dividends declared are payable Dec. 15, 1993, to shareholders of record on Dec. 1.
 This common stock dividend is the 201st consecutive quarterly dividend to be paid by the company since it became publicly owned in 1946. PEI recently completed a successful offering of 1,250,000 shares of its common stock, which brings the total of PEI common shares outstanding to approximately 5.4 million.
 PEI, through PG&W, provides natural gas service to approximately 135,000 customers and water service to approximately 131,000 customers in an 11-county area in northeastern Pennsylvania.
 -0- 10/27/93
 /CONTACT: Robert J. Lopatto of Pennsylvania Enterprises, 717-829-8825/


CO: Pennsylvania Enterprises, Inc.; Pennsylvania Gas and Water Company ST: Pennsylvania IN: UTI SU: DIV

MK-MP -- PH038 -- 7403 10/27/93 14:15 EDT
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Publication:PR Newswire
Date:Oct 27, 1993
Words:183
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