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UNITED ASSET MANAGEMENT CORPORATION INCREASES QUARTERLY DIVIDEND

 BOSTON, March 15 /PRNewswire/ -- United Asset Management Corporation (NYSE: UAM) today announced that its board of directors voted to increase the quarterly dividend on UAM common stock to $0.20 per share, representing an increase of $0.02 per share from the previous quarterly dividend of $0.18 per share. The dividend will be payable April 15, 1993, to shareholders of record on March 31, 1993.
 Norton H. Reamer, president of UAM, said: "We are pleased to announce that our 27th consecutive dividend includes an increase in the quarterly rate. The increase is our 13th since going public in 1986, and the new rate is 25 percent higher than the comparable quarter a year ago. UAM continues to gain market share in the $4 trillion market for institutional investment management services through the internal growth of our existing affiliates as well as through acquisitions. We are pleased that we can continue to pass on the benefits of this growth directly to our shareholders."
 UAM provides investment management services, primarily to institutional clients, through 32 operating firms which manage more than $75 billion for over 4,600 clients located throughout the United States and abroad.
 -0- 3/15/93
 /CONTACT: William H. Park or Gregory S. Dimit of UAM, 617-330-8900; or George Sard or Anna Cordasco of Sard Verbinnen & Co., 212-687-8080, for UAM/
 (UAM)


CO: United Asset Management Corporation ST: Massachusetts IN: FIN SU: DIV

GK-OS -- NY016 -- 5909 03/15/93 09:41 EST
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Publication:PR Newswire
Date:Mar 15, 1993
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