Article: Southeast Banking Corporation declares quarterly dividend.

SOUTHEAST BANKING CORPORATION DECLARES QUARTERLY DIVIDEND

MIAMI, Fla., June 16 /PRNewswire/ -- Southeast Banking Corporation (NYSE: STB) declared a quarterly dividend of 28 cents per share on common stock, payable July 7, 1989, to shareholders of record June 26, 1989. The dividend for the previous quarter was also 28 cents per share.

The Board of Directors also declared dividends on the company's Series A non-voting adjustable rate preferred stock and Series B and C non-voting convertible preferred stock.

The $1.25 dividend on Southeast's Series C stock will also be payable July 7, 1989 to shareholders of record June 26, 1989.

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