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TIME WARNER INC. INCREASES COMMON STOCK DIVIDEND BY 14 PERCENT

 NEW YORK, May 20 /PRNewswire/ -- Time Warner Inc. (NYSE: TWX) today announced at its annual meeting that the company's board of directors has declared a 14 percent increase, from $.07 to $.08, in the quarterly cash dividend payable on its common shares. The new dividend per common share will be at an annual rate of $.32 per share on all common shares outstanding. The quarterly dividend will be payable on June 14, 1993 to shareholders of record on June 2, 1993.
 Time Warner Inc. is the world's leading media and entertainment company, with interests in magazine and book publishing, recorded music and music publishing, filmed entertainment, cable television and cable television programming.
 -0- 5/20/93
 /CONTACT: Edward Adler of Time Warner, 212-484-6630/
 (TWX)


CO: Time Warner Inc. ST: New York IN: PUB SU:

TS -- NY021 -- 0752 05/20/93 11:55 EDT
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:May 20, 1993
Words:143
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