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SOUTHTRUST ANNOUNCES INCREASE IN QUARTERLY DIVIDEND

 BIRMINGHAM, Ala., Jan. 20 /PRNewswire/ -- The board of directors of SouthTrust Corporation (NASDAQ: SOTR) declared a 13 percent increase in the quarterly cash dividend, from $.195 per share to $.22 per share.
 The dividend is payable April 1 to stockholders of record at the close of business Feb. 26.
 This increase in the cash dividend represents the 23rd consecutive year that SouthTrust has increased dividend payments for stockholders. During that period, the cash dividend has risen 1,144 percent and grown at a compound annual rate of 11.2 percent.
 Wallace D. Malone Jr., chairman and chief executive officer of SouthTrust Corporation, said: "SouthTrust has just enjoyed its most profitable year ever, and we are very pleased to offer our stockholders another significant increase in the quarterly cash dividend. Enhancing stockholder value is a primary tenet of our organization, and 23 years of dividend increases is an indication of our successful efforts in that direction."
 SouthTrust Corporation is a $12.7 billion regional multibank holding company. The corporation operates 40 banks with 359 offices in a six- state area which includes Alabama, Florida, Georgia, North Carolina, South Carolina and Tennessee.
 SouthTrust common stock is traded on the national Over-the-Counter market under the NASDAQ symbol SOTR.
 -0- 1/20/93
 /CONTACT: Aubrey Barnard of SouthTrust, 205-254-5509/
 (SOTR)


CO: SouthTrust Corporation ST: Alabama IN: FIN SU: DIV

BN-RA -- AT006 -- 7007 01/20/93 15:06 EST
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Publication:PR Newswire
Date:Jan 20, 1993
Words:234
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