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WHEELABRATOR TECHNOLOGIES INC. BOARD DOUBLES DIVIDEND

 OAK BROOK, Ill., March 9 /PRNewswire/ -- Directors of Wheelabrator Technologies Inc. (NYSE: WTI) today declared a cash dividend of $0.02 per share payable April 1, 1993 to stockholders of record on March 17, 1993. The dividend was increased from the $0.01 per share dividend paid for each of the previous four quarters (calculated on a post-split basis following the company's two-for-one stock split in January 1993). It is the company's fifth consecutive quarterly cash dividend to be paid to its stockholders.
 At the same time, the board announced its intention to consider paying future dividends on an annual basis. In making its announcement, the company indicated that the board is expected to consider the annual dividend at the next board of directors meeting currently scheduled for May 10, 1993. The company advised that the change from a quarterly to an annual dividend payment was made in response to stockholder suggestions and as a cost containment measure.
 Wheelabrator Technologies, a multi-faceted environmental services company, is a majority-owned subsidiary of Waste Management, Inc. In addition to its trash-to-energy and cogeneration capabilities, Wheelabrator supplies air quality control systems for industrial and utility applications. It also provides composting and a range of water and wastewater treatment services including biosolids management.
 -0- 3/9/93
 /CONTACT: James E. Koenig, 708-572-8822, or William J. Plunkett, 708-572-8898, both for Wheelabrator/
 (WTI)


CO: Wheelabrator Technologies Inc. ST: Illinois IN: ENV SU: DIV

PS -- NY018 -- 4386 03/09/93 09:09 EST
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Publication:PR Newswire
Date:Mar 9, 1993
Words:245
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