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NIPSCO INDUSTRIES DECLARES PREFERRED DIVIDENDS

 MERRILLVILLE, Ind., May 25 /PRNewswire/ -- Directors of NIPSCO Industries, Inc. (NYSE: NI) today declared a dividend of $2.1875 per share on the outstanding 8.75 percent Cumulative Preferred Stock, payable July 14, 1993, to shareholders of record at the close of business June 16, 1993.
 Directors of Northern Indiana Public Service Company, a subsidiary of NIPSCO Industries, Inc., declared dividends on the following preferred stocks: $1.0625 a share on 4-1/4 percent Cumulative Preferred Stock; $1.12 a share on 4-1/2 percent Cumulative Preferred Stock; $1.05 a share on 4.22 percent Cumulative Preferred Stock; $1.22 a share on 4.88 percent Cumulative Preferred Stock; $1.86 a share on 7.44 percent Cumulative Preferred Stock; $1.88 a share on 7.50 percent Cumulative Preferred Stock; $2.2125 a share on 8.85 percent Cumulative Preferred Stock; $1.9375 a share on 7-3/4 percent Cumulative Preferred Stock; $2.0875 a share on 8.35 percent Cumulative Preferred Stock; $1.625 a share on 6.50 percent Cumulative Preferred Stock; and $0.75 a share on the Adjustable Rate Cumulative Preferred Stock, Series A.
 All of the above are payable on July 14, 1993, to shareholders of record at the close of business June 16, 1993.
 -0- 5/25/93
 /CONTACT: Thomas J. Kallay of Northern Indiana Public Service Company, 219-647-6203/
 (NI)


CO: NIPSCO Industries, Inc. ST: Indiana IN: UTI SU: DIV

KL -- CL011 -- 2214 05/25/93 13:47 EDT
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Publication:PR Newswire
Date:May 25, 1993
Words:247
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