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RELIANCE ELECTRIC COMPANY ANNOUNCES DIVIDEND ON $1.50 JUNIOR EXCHANGEABLE PREFERRED STOCK

 RELIANCE ELECTRIC COMPANY ANNOUNCES
 DIVIDEND ON $1.50 JUNIOR EXCHANGEABLE PREFERRED STOCK
 CLEVELAND, July 23 /PRNewswire/ -- Reliance Electric Company announced a regular dividend of $.375 per share on its $1.50 Junior Exchangeable Preferred Stock. The payment date of the dividend is Aug. 28, 1992. The record date is close of business Aug. 12, 1992. This is a regular quarterly cash dividend being paid pursuant to the terms of the $1.50 Junior Exchangeable Preferred Stock. The $1.50 Junior Exchangeable Preferred Stock is traded on the American Stock Exchange under the symbol REE.PR.
 Reliance Electric Company, headquartered in Cleveland, designs manufactures, sells and services a broad range of industrial and telecommunications equipment. Reliance operates 48 manufacturing plants worldwide, in nine countries, and employs approximately 14,000 people.
 -0- 7/23/92
 /CONTACT: P. Kelly Tompkins of Reliance Electric, 216-266-5809/
 (REE) CO: Reliance Electric ST: Ohio IN: TLS SU: DIV


BM -- CL016 -- 2458 07/23/92 11:23 EDT
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Publication:PR Newswire
Date:Jul 23, 1992
Words:160
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