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SUNAMERICA RAISES COMMON DIVIDENDS -- CITES EARNINGS PROGRESS

 LOS ANGELES, Nov. 5 /PRNewswire/ -- In line with company expectations to report a 53 percent increase in earnings per share for fiscal 1993, Directors of SunAmerica Inc. (NYSE: SAI) today raised the quarterly cash dividend to $.10 per share of Common Stock from $.07 the prior quarter. The quarterly dividend on the Nontransferable Class B Stock was also raised to $.09 from $.063 the prior quarter. Both dividends are payable on Nov. 25, 1993, to shareholders of record Nov. 17, 1993.
 Directors also declared a regular quarterly cash dividend of $.2775 per share of $1.11 Depositary Shares Each Representing One-Fifth of a Share of Series A Mandatory Conversion Premium Dividend Preferred Stock, payable on Jan. 14, 1994, to shareholders of record Jan. 7, 1994.
 The Board further declared a regular quarterly cash dividend of $.5781 per share of the Company's 9 1/4 Percent Preferred Stock, Series B, payable on Dec. 15, 1993, to shareholders of record Dec. 8, 1993.
 The Board further declared a regular quarterly cash dividend of $.6950 per share of the Company's $2.78 Depositary Shares Each Representing One-Fiftieth of a Share of Series D Mandatory Conversion Premium Dividend Preferred Stock, payable on Dec. 1, 1993, to shareholders of record Nov. 24, 1993.
 The Board of Directors also declared a cash dividend of $1.75 per share to holders of record of the Adjustable Rate Cumulative Preferred Stock, Series C, payable on Dec. 1, 1993, to shareholders of record Nov. 15, 1993.
 SunAmerica is a financial services company which specializes in selling tax-deferred long-term savings products and investments to the expanding preretirement savings market.
 -0- 11/5/93
 /CONTACT: Jana Greer, senior VP of Sun America, 310-772-6532/
 (SAI)


CO: SunAmerica Inc. ST: California IN: FIN SU: DIV

JB-MF -- LA026 -- 1290 11/05/93 14:41 EST
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Publication:PR Newswire
Date:Nov 5, 1993
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