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THE BANK OF NEW YORK COMPANY, INC. ANNOUNCES QUARTERLY DIVIDENDS; ALSO DECLARES A SPECIAL DIVIDEND ON COMMON STOCK

 NEW YORK, Oct. 12 /PRNewswire/ -- The Bank of New York Company, Inc. (NYSE: BK) today announced that its board of directors declared a regular quarterly cash dividend of 45 cents per share of the company's common stock, unchanged from the previous quarter. The dividend is payable on Nov. 5, 1993, to holders of record as of the close of business on Oct. 22, 1993.
 The board of directors also declared a special cash dividend of 5 cents per share of the company's common stock, which is payable on Nov. 5, 1993, to holders of record as of the close of business on Oct. 22, 1993. If the company's present favorable earnings trends continue, the board will consider a change in the quarterly dividend rate in 1994.
 A dividend of 75 cents per share was declared on the company's adjustable rate cumulative preferred stock for the period from Sept. 2, 1993, through Dec. 1, 1993. The dividend is payable on Dec. 1, 1993, to holders of record as of the close of business on Nov. 15, 1993.
 A dividend of 81.25 cents per share was declared on the company's cumulative adjustable rate preferred stock for the period from Oct. 1, 1993, through Dec. 31, 1993. The dividend is payable on Dec. 31, 1993, to holders of record as of the close of business on Dec. 1, 1993.
 A dividend of 53.75 cents per depositary share was declared on the company's fixed rate cumulative preferred stock for the period from Sept. 1, 1993, through Nov. 30, 1993. The dividend is payable on Dec. 1, 1993, to holders of record as of the close of business on Nov. 15, 1993.
 A dividend of 48.4375 cents per share was declared on the company's 7.75 percent cumulative convertible preferred stock for the period from Oct. 1, 1993, through Jan. 1, 1994. The dividend is payable on Jan. 1, 1994, to holders of record as of the close of business on Dec. 15, 1993.
 -0- 10/12/93
 /CONTACT: Michael M. Pascale, VP, 212-495-1041, or Pierre S. Brull, VP, 212-495-1721, or Rhonda Barnat, AVP, 212-495-1725, all for Bank of New York Company/
 (BK)


CO: Bank of New York Company, Inc. ST: New York IN: FIN SU: DIV

CK -- NY066 -- 1135 10/12/93 13:10 EDT
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Publication:PR Newswire
Date:Oct 12, 1993
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