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SOUTH JERSEY INDUSTRIES DECLARES SPECIAL STOCK DIVIDEND

 FOLSOM, N.J., Jan. 22 /PRNewswire/ -- The board of directors of South Jersey Industries, Inc. (NYSE: SJI) today declared a 2 percent common stock dividend, to shareholders of record at the close of business as of March 10, 1993.
 Fractional shares will be paid in cash. The stock dividend will be payable on March 31, 1993. The shares issued in payment of the stock dividend will not be eligible for the first quarter regular dividend which, while not yet declared for 1993, in past years has been payable on March 31.
 The special stock dividend declared today is the result of the company's record earnings during 1992 of $15.1 million, a 29 percent increase over $11.7 million in 1991. Quarterly dividends have remained stable at 36 cents per share since June of 1990. Annualized, and without regard to the stock dividend, the common stock yields 6.3 percent, based on a market price of 22-3/4 at the close of business Jan. 20, 1993.
 South Jersey Industries, Inc., a diversified holding company with investments in natural gas distribution, natural resources development, utility construction, general contracting and environmental cleanup and restoration projects, is traded on the New York and Philadelphia stock exchanges under the trading symbol "SJI."
 /delval/
 -0- 1/22/93
 /CONTACT: R.B. Tonielli of South Jersey Industries, 609-561-9000/
 (SJI)


CO: South Jersey Industries, Inc. ST: New Jersey IN: SU: DIV

CC-MK -- PH024 -- 7954 01/22/93 13:50 EST
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Publication:PR Newswire
Date:Jan 22, 1993
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