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INTER-REGIONAL FINANCIAL GROUP DOUBLES DIVIDEND TO 8 CENTS PER SHARE

 MINNEAPOLIS, April 27 /PRNewswire/ -- Inter-Regional Financial Group (NYSE: IFG), parent company of region ?broker-dealers Dain Bosworth Incorporated, Minneapolis, and Rauscher Pierce Refsnes, Dallas, today announced that its board of directors has increased the company's regular quarterly cash dividend from 4 cents to 8 cents per share of common stock and authorized a dividend payable on May 25 to shareholders of record at the close of business on May 11. There are presently 8,109,602 shares of IFG common stock outstanding.
 Irving Weiser, IFG president and chief executive officer, said, "We are pleased that IFG's continued outstanding financial performance enables us to further reward our shareholders by doubling the amount of IFG's regular quarterly dividend." IFG recently reported record revenues and earnings in first-quarter 1993, following the best year in IFG's history in 1992.
 Inter-Regional Financial Group, Inc. provides full-service securities and investment banking services in 22 states through its subsidiaries, Dain Bosworth Incorporated, Minneapolis, and Rauscher Pierce Refsnes, Inc., Dallas. The parent company's common stock is traded on the New York Stock Exchange under the symbol IFG.
 -0- 4/27/93
 /CONTACT: B.J. French of Inter-Regional Financial Group, 612-371-2363/
 (IFG)


CO: Inter-Regional Financial Group ST: Minnesota IN: FIN SU: DIV

AL -- MN005 -- 1341 04/27/93 11:55 EDT
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Publication:PR Newswire
Date:Apr 27, 1993
Words:211
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