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PUGET POWER BOARD DECLARES QUARTERLY DIVIDENDS

 BELLEVUE, Wash., April 13 /PRNewswire/ -- The Puget Sound Power & Light Co.'s (NYSE: PSD) board of directors voted today to increase the quarter ?dividend on the company's common stock from 45 cents to 46 cents a share, payable on May 15 to shareholders of record as of April 26, the company said. On an annualized basis, this represents a dividend increase from $1.80 to $1.84.
 The board of directors also declared regular dividends on all of the company's outstanding fixed rate preferred stock, and a dividend of $1.75 on the Series A adjustable rate cumulative preferred stock.
 All dividends are payable on May 15 to shareholders of record at the close of business on April 26.
 PREFERRED DIVIDENDS
 CLASS RATE
 4.70 percent $1.175
 4.84 percent $1.21
 7.75 percent $1.9375
 7.875 percent $0.4921875
 8.00 percent $2.00
 SERIES A
 Adjustable $1.75
 -0- 4/13/93
 /CONTACT: U. Earl Dunn, 206-462-3808, or William Seil, 206-462-3206, both of Puget Sound Power & Light/
 (PSD)


CO: Puget Sound Power & Light Co. ST: Washington IN: UTI SU: DIV

LM-SW -- SE012 -- 5345 04/13/93 15:55 EDT
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Apr 13, 1993
Words:194
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