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PENNSYLVANIA POWER AND LIGHT CO. INCREASES QUARTERLY DIVIDEND

 ALLENTOWN, Pa., Feb. 24 /PRNewswire/ -- Pennsylvania Power & Light Co. (NYSE: PPL) (PP&L) announced today an increased quarterly dividend on its common stock by 3.1 percent, from 40 cents per share to 41.25 cents per share.
 PP&L has increased the quarterly common stock dividend every year since 1979.
 "We are pleased to continue this trend of regular dividend increases," said Charles E. Russoli, PP&L executive vice president and chief financial officer. "This increase recognizes the importance of compensating investors for the funds they have invested in the company."
 The dividend is payable April 1, 1993, to shareowners of record March 10, 1993. Dividends on the following preferred and preference shares also were declared:
 Preferred: Preferred (cont.):
 4 1/2 percent $1.125 8.00 percent Series $2.00
 3.35 percent Series $ .8375 8.60 percent Series $2.15
 4.40 percent Series $1.10 8.75 percent Series $2.1875
 4.60 percent Series $1.15 9.00 percent Series $2.25
 6.875 percent Series $1.71875 9.24 percent Series $2.31
 7.00 percent Series $1.75 Preference:
 7.375 percent Series $1.84375 $8.00 Series $2.00
 7.40 percent Series $1.85 $8.40 Series $2.10
 7.82 percent Series $1.955 $8.70 Series $2.175
 7.927 percent Series $1.98175
 PP&L supplies electricity to a 10,000-square-mile area of 29 counties in Central Eastern Pennsylvania. Among the communities it serves are Allentown, Bethlehem, Harrisburg, Hazleton, Lancaster, Scranton, Wilkes-Barre and Williamsport.
 /delval/
 -0- 2/24/93
 /CONTACT: Charles E. Russoli of Pennsylvania Power & Light, 215-774-5240/
 (PPL)


CO: Pennsylvania Power & Light Co. ST: Pennsylvania IN: UTI SU: DIV

MJ -- PH027 -- 0040 02/24/93 15:43 EST
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Publication:PR Newswire
Date:Feb 24, 1993
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