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ROYALE INVESTMENTS, INC.DECLARES QUARTERLY DIVIDEND

 MINNEAPOLIS, Sept. 20 /PRNewswire/ -- Royale Investments, Inc., (NASDAQ: RLIN) announced today that its board of directors has declared a regular quarterly dividend of 21-1/4 cents per share of common stock, payable Oct. 13, 1993, to shareholders of record Sept. 30, 1993.
 The company, a Minneapolis-based real estate investment trust, has 1,420,000 shares of stock outstanding.
 That total includes 710,000 shares sold in a public offering this summer, generating more than $6 million in proceeds to be used to buy additional supermarket properties. While those purchases are being negotiated, the company has invested the proceeds in short-term U.S. government obligations. First-half dividends totaled 45 cents per share. The company has targeted dividends for the full year at 85 cents per share.
 Royale Investments, which is organized to acquire food-related income-producing properties, completed its initial public offering in December 1991 and its initial purchase of supermarket properties in June 1992. The dividend declared today will be the seventh consecutive quarterly dividend paid by the company.
 -0- 9/20/93
 /CONTACT: Tom Langenfeld of Swenson/Falker Associates 612-371-0000, for Royale Investments; or Vernon R. Beck of Royale Investments, 612-920-4078/
 (RLIN)


CO: Royale Investments, Inc. ST: Minnesota IN: SU: DIV

DB-AL -- MN013 -- 3730 09/20/93 13:51 EDT
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Publication:PR Newswire
Date:Sep 20, 1993
Words:210
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