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UNITED WISCONSIN SERVICES, INC. DECLARES CASH AND STOCK DIVIDENDS

 UNITED WISCONSIN SERVICES, INC. DECLARES CASH AND STOCK DIVIDENDS
 MILWAUKEE, Aug. 26 /PRNewswire/ -- At a special meeting today shareholders of United Wisconsin Services, Inc. (NASDAQ: UWSI) approved an increase in the number of authorized shares of common stock from 10 million to 50 million shares.
 At a meeting today of the board of directors of UWSI, the board declared a cash dividend on common stock of $.18 per share. This cash dividend is payable Sept. 23, 1992 to shareholders of record at the close of business on Sept. 9, 1992. The cash dividends paid to UWSI's parent company, Blue Cross & Blue Shield United of Wisconsin, which holds approximately 81 percent of the outstanding shares of common stock of UWSI, will be returned to UWSI in the form of a capital contribution.
 In addition, the board of directors declared a three for two stock dividend to shareholders of record at the close of business on Sept. 9, 1992, payable Sept. 30, 1992; For each two shares of common stock a shareholder owns as of Sept. 9, 1992, he or she shall receive one additional share of common stock. The stock dividend was issued in an attempt to improve the liquidity of UWSI's common stock in the marketplace.
 United Wisconsin Services, Inc., a publicly held subsidiary of Blue Cross & Blue Shield United of Wisconsin, is a leading provider of group health insurance and managed health care services, primarily in Wisconsin.
 -0- 8/26/92
 /CONTACT: Tom Luljak, director, Corporate Communications of United Wisconsin Services, 414-226-5756/
 (UWSI) CO: United Wisconsin Services, Inc. ST: Wisconsin IN: INS SU: DIV


AL -- MN009 -- 3565 08/26/92 15:09 EDT
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Publication:PR Newswire
Date:Aug 26, 1992
Words:274
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