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TECO ENERGY ANNOUNCES DIVIDEND INCREASE

 TECO ENERGY ANNOUNCES DIVIDEND INCREASE
 TAMPA, Fla., April 21 /PRNewswire/ -- TECO Energy's (NYSE: TE)


quarterly dividend will increase from 43 cents per share to 45.5 cents, the company announced today at its annual shareholders' meeting.
 The increase brings TECO Energy's annual dividend rate to $1.82 a share, a 5.8 percent increase. It also marks the 33rd consecutive year the company has increased the dividend, said Timothy L. Guzzle, chairman and chief executive officer.
 The dividend will be payable May 15 to shareholders of record as of May 1.
 TECO Energy is a diversified, energy-related holding company headquartered in Tampa. Its principal companies include Tampa Electric, TECO Transport & Trade, TECO Coal, TECO Coalbed Methane (gas production) and TECO Power Services (wholesale power production).
 -0- 4/21/92
 /CONTACT: Mike Mahoney of TECO Energy, 813-228-4271 (office) or 813-961-9456 (home)/
 (TE) CO: TECO Energy, Inc. ST: Florida IN: UTI SU: DIV


AW-JJ -- FL010 -- 0575 04/21/92 11:20 EDT
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Publication:PR Newswire
Date:Apr 21, 1992
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