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TECO ENERGY ANNOUNCES DIVIDEND INCREASE

 TAMPA, Fla., April 20 /PRNewswire/ -- TECO Energy's (NYSE: TE) quarterly dividend will increase from 45.5 cents per share to 48 cents, the company announced today at its annual shareholders' meeting.
 The increase brings TECO Energy's annual dividend rate to $1.92 a share, a 5.5 percent increase. It also marks the 34th 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 April 30.
 TECO Energy is a diversified, energy-related holding company headquartered in Tampa. Its principal companies include Tampa Electric, TECO Transport and Trade, TECO Coal, TECO Coalbed Methane (gas production) and TECO Power Services (wholesale power production).
 -0- 4/20/93
 /CONTACT: Mike Mahoney of TECO Energy, 813-228-4271, or home, 813-961-9456/
 (TE)


CO: TECO Energy, Inc. ST: Florida IN: UTI SU: DIV

JB-AW -- FL003 -- 7850 04/20/93 09:28 EDT
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Publication:PR Newswire
Date:Apr 20, 1993
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