DPL Inc. declares dividend

Business Wire, Feb 4, 1997

DAYTON, Ohio--(BUSINESS WIRE)--Feb. 4, 1997--The board of directors of DPL Inc. today approved a quarterly increase in the common share dividend rate to 34 cents per share.

This action increases the annual rate by six cents to $1.36 per share, from $1.30 per share paid in 1996. The quarterly dividend is payable March 1, 1997 to shareholders of record on Feb. 14, 1997.

Peter H. Forster, chairman of DPL Inc., said, "Today's dividend action represents the tenth dividend increase in the last eleven years, and reaffirms the board's commitment to dividend growth that is well above the industry average. As the energy industry moves into an era of transition, DPL's 1996 financial and operating performance made the year a successful one. Increased retail electric and natural gas sales, ongoing improvements in our ability to control costs and reliable energy services contributed to our results and demonstrate the level of our commitment to shareholders and customers alike.

"Our continued focus on the fundamentals of our industry will serve to make 1997 another successful year," Forster added. "We look forward to continuing to work hard to provide our shareholders with a current and total return on investment that is competitive in today's financial environment."

DPL Inc. is a holding company whose principal subsidiary is the Dayton Power and Light Company, an electric and natural gas utility serving 24 counties in West Central Ohio.

CONTACT: DPL Inc., Dayton

DPL Medialine, 937/224-5940