APS declares quarterly dividends on preferred stock.

PHOENIX--(BUSINESS WIRE)--June 20, 1995--The Arizona Public Service (APS) board of directors Tuesday declared quarterly dividends at the regular rate on 11 outstanding issues of cumulative preferred stock.

Additionally, a quarterly dividend of $1.5000 was declared on the company's adjustable rate cumulative preferred stock, Series Q.

Preferred dividends are payable Sept. 1, 1995, to shareholders of record at the close of business Aug. 1, 1995.

APS is a subsidiary of Pinnacle West Capital Corp., a Phoenix-based holding company.

CONTACT: Arizona Public Service

Sally S. Haines, 602/250-3261

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Publication:	Business Wire
Date:	Jun 20, 1995
Words:	89
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