Cascade Natural Gas Corporation Announces Dividend.SEATTLE -- The Board of Directors of Cascade Natural Gas Corporation (NYSE NYSE See: New York Stock Exchange : CGC CGC Canine Good Citizen (AKC Dog Title) CGC Commission Géologique du Canada (Geological Survey of Canada) CGC Confédération Générale des Cadres (French labor union) ) has declared the regular quarterly Common Stock dividend at the rate of $0.24 per share, payable in cash on August 15, 2007, to stockholders of record at the close of business on July 31, 2007. Receipt of this dividend payment is subject to the timing of the closing of the proposed merger between Cascade and MDU (1) (Multiple Dwelling Unit) A commercial or residential building with multiple offices or apartments. See BLEC. (2) (Multiply-Divide Unit) A high-speed circuit that performs multiplication and division within the CPU. Resources Group, Inc. Approval of the merger is currently pending before the Washington Utilities and Transportation Commission The Washington Utilities and Transportation Commission (UTC) is a three-member board appointed by the Governor of Washington and confirmed by the Washington State Senate to six year terms. and is anticipated this summer; however, the timing is uncertain at this point. Accordingly, if the closing is completed prior to the close of business on July 31, MDU will be the only shareholder of record to receive the dividend. If the closing occurs after the close of business on July 31, 2007 the dividend will be paid to shareholders of record on July 31, 2007 by August 15, 2007. |
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